Leadership PACs Are

question 18

Multiple Choice

Leadership PACs are

• A)members of Congress who have previously served on the Parent's Advisory Council.
• B)interest groups that lobby Congress to provide more funding for "performing arts centers."
• C)organizations that members of Congress use to raise funds that they then distribute to other members of their party running for election.
• D)federally funded training academies that educate newly elected members of Congress on the norms of the House and Senate.

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Definitions:

Maturity

The point in time when the principal amount of a loan, bond, or other financial instrument becomes due and is to be paid or settled.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Annually

Pertaining to something that occurs once every year or relating to a period of one year.

Line of Credit

A flexible loan arrangement with a bank or lender, allowing the borrower to draw funds as needed up to a certain limit.