In Exchange for Accepting Public Matching Funds, Candidates

question 17

Multiple Choice

In exchange for accepting public matching funds, candidates

• A)agree not to accept any other campaign contributions.
• B)are forbidden from spending any of their own money on the campaign.
• C)agree to limit their total campaign spending.
• D)agree to pursue all campaign promises if elected.
• E)agree not to run any negative political ads.

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Definitions:

Requirements of Negotiability

Legal criteria that an instrument must meet to be considered negotiable, allowing it to be transferred from one party to another.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank and is insured by the Federal Deposit Insurance Corporation (FDIC).

Promissory Note

A written promise to pay a specified amount of money to a designated person or entity by a certain date or on demand.

Maker

The individual or entity that creates or signs a negotiable instrument, committing to pay the specified sum to the holder.