Which of the Following Is a Potential Example of State

question 24

Multiple Choice

Which of the following is a potential example of state loss of sovereignty?

• A)A state changes its currency from a cash system to an electronic system.
• B)A state takes over all of its banks and declares itself the sole lender to its citizens.
• C)A corporation successfully takes over the enactment and adjudication of a state's laws.
• D)A state expands its control over ocean waterways.

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Definitions:

Purchases

Represents the total amount of goods bought by a business for resale or for use in production.

Rental Income

This is income received from renting out property or equipment. It is often considered passive income and must be reported for tax purposes.

Revenue

The total income generated from normal business operations and before any expenses are deducted.

Asset

Anything of value owned or controlled by a business, entity, or individual that can be used to generate income or settle liabilities.