The Electoral College Is

question 67

Multiple Choice

The electoral college is

• A)an expression of direct democracy.
• B)designed to select the president of the United States.
• C)the institution that originally selected U.S.senators.
• D)the federal organization that oversees the operation of all elections held in the
• United States.

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Definitions:

Cost Method

An accounting method in which investments are recorded at their original purchase cost, without recognizing changes in market value.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which is typically not indicative of its market value.

Stated Value

A nominal value assigned by a company to its issued shares, which may be above or below the market value.