________ Currently Use(s) the So-Called Top-Two Primary System

question 42

Multiple Choice

________ currently use(s) the so-called top-two primary system.

• A)Every state in the country
• B)Twenty-two states
• C)Two states (California and Washington)
• D)One state (Washington)

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Definitions:

Revolving Credit

A credit facility that allows a company or individual to borrow up to a pre-approved limit, pay it back, and borrow again.

Commitment Fee

A fee charged by a lender to a borrower for an unused credit line or undisbursed loan.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations to finance their immediate operating expenses, inventory, and other short-term liabilities.

Maturity

The date on which the principal of a debt is due. Also the time from the present until that date.