An Election Where the Winner Is the Person Who Receives

question 21

Multiple Choice

An election where the winner is the person who receives the most votes, regardless of the percentage of votes received, is called a ________ system.

• A)majority
• B)plurality
• C)proportionality
• D)primary

---

Definitions:

Ordinary Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Tax-deferred

Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.

RRSP

Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.