Members of Congress Who Informally Band Together in Groups to Promote

question 38

Multiple Choice

Members of Congress who informally band together in groups to promote and protect mutual interests (e.g.,mushroom growers) form what are called

• A)subcommittees.
• B)committees.
• C)caucuses.
• D)junkets.
• E)interest groups.

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Definitions:

Financial Transactions

Activities involving the exchange of money between parties, including buying, selling, lending, and borrowing.

Purchasing Power Parity

A theory that states that in the absence of transportation and other transaction costs, identical goods should have the same price in different countries when prices are converted into a common currency.

Exchange Rates

The valuation of one currency in the process of being exchanged for another.

Balance Of Payments

A record of all economic transactions during a given period between residents of one country and residents of the rest of the world.