Which of the Following Statements About PACs Is LEAST Accurate

question 54

Multiple Choice

Which of the following statements about PACs is LEAST accurate?

• A)The primary function of PACs is to collect money for political candidates.
• B)Interest-group members and lobbyists can contribute individually to a candidate and again to PACs that support the candidate.
• C)PACs are not the exclusive reserve of one type of interest, but are employed by a variety of different groups.
• D)PACs are not allowed to give money to other PACs.
• E)The amount of money that PACs can give to candidates is strictly limited.

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Definitions:

Extra Payments

Additional payments made over the required minimum payment on debts like loans or mortgages, aimed at reducing the principal balance more quickly.

Total Interest

The total amount of interest paid over the lifetime of a loan.

Life of the Loan

The duration over which a borrower is required to make payments until the loan is paid off in full.

Compounded Monthly

A process where interest earned is added to the principal, so that from that moment on, interest is earned on interest, recalculated on a monthly basis.