During the Earliest Years of the United States, Who Nominated

question 23

Multiple Choice

During the earliest years of the United States, who nominated the candidates for president?

• A)The incumbent president chose both candidates.
• B)Members of the major political parties chose their own nominees.
• C)Each party's congressional caucus controlled nominations.
• D)State legislatures selected one candidate from each party.

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Definitions:

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in US banks.

Speculative

Actions based on conjecture rather than knowledge, often in the context of investment, involving risks with the hope of substantial gains.

Interest Rate

The rate, represented as a fraction of the total loan, charged by a credit provider to a loan recipient for borrowing funds or assets.

Transactions

The action of conducting business, trade, or an exchange between two or more parties, often involving financial operations.