_________ Is a System in Which Each Member Government Is

question 13

Multiple Choice

_________ is a system in which each member government is considered sovereign, and the national government is limited to powers delegated to it by its member governments.

• A) A confederation
• B) A federation
• C) An oligarchy
• D) A technocracy
• E) A monarchy

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Par Value

The face value of a bond or stock, representing the nominal or original value as fixed in the certificate or instrument.

Market Value

The current price at which an asset or service can be bought or sold.

Treasury Stock-Common

Shares of a company's own stock that it has reacquired from shareholders and are considered issued but not outstanding.