The Bipartisan Campaign Reform Act of 2002 (McCain-Feingold Act)

question 56

Multiple Choice

The Bipartisan Campaign Reform Act of 2002 (McCain-Feingold Act) : 

• A) eliminated public financing for presidential primaries and general elections. 
• B) set the amount that an individual could contribute to a federal candidate at $8,000. 
• C) prohibited special interest groups from making independent expenditures in election campaigns. 
• D) banned soft money at the national level and regulated campaign ads paid for by interest groups. 
• E) allowed issue advocacy commercials within thirty days of a primary election.

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Definitions:

Option

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

Call Option

An economic agreement that provides the bearer the option, without the necessity, to purchase a share, bond, commodity, or different asset at an agreed-upon price during a determined timeframe.

Derivative Security

A financial security whose value is determined by or derived from an underlying asset or group of assets, such as stocks, bonds, commodities, or market indices.