Which of the Following Statements About the Structure of American

question 73

Multiple Choice

Which of the following statements about the structure of American federalism is true?

• A) It has contributed to the longevity of the U.S. government by allowing many divisive policy decisions throughout American history to be made by states.
• B) It has contributed to the longevity of the U.S. government by forcing every state to develop in exactly the same way.
• C) It has contributed to the longevity of the U.S. government by not allowing states to make divisive policy decisions at any point in American history.
• D) It caused the Civil War to be fought decades before it would have been under a unitary system.
• E) It has had almost no effect on the stability and functioning of U.S. government.

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Definitions:

Coupon Rate

The interest rate stated on a bond at the issuance time, which the issuer promises to pay to the bondholder on the face value of the bond.

Coupon Yield

The per annum rate of interest a bond delivers, depicted as a proportion of its par value.

Yield to Maturity

The complete earnings projected from a bond assuming it is retained up to its expiration date.

Yield to Maturity

The total return anticipated on a bond if it is held until it matures, incorporating all coupon payments and the face value received at maturity.