A Plutocratic System Is One in Which

question 45

Multiple Choice

A plutocratic system is one in which

• A) interest groups run candidates for public office.
• B) interest groups form Political Action Committees to donate money to political candidates.
• C) political participation is equal among all classes of people, promoting democracy.
• D) government is dominated by the wealthy.
• E) interest group power is not tempered by strong political parties.

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Definitions:

Discount on Bonds Payable

The shortfall between a bond's listed face value and the price it achieves in the market when it ends up selling for less than that face value.

Face Amount

The face amount is the nominal or dollar value printed on a financial instrument like a bond or insurance policy, representing the amount due at maturity or the coverage amount.

Bond Redemption

A financial term referring to the process of repaying the principal amount of a bond at its maturity date.

Market Value

Market value refers to the price at which an asset would trade in a competitive auction setting.