Which of the Following Statements Concerning the Public Funding of Presidential

question 12

Multiple Choice

Which of the following statements concerning the public funding of presidential campaigns is incorrect?

• A) Federal law requires the presidential candidates from the major parties to use public funding during the general election.
• B) Many presidential candidates are opting not to accept public funding in order to be free of any spending restrictions.
• C) Third parties can receive public funding only if they received 5 percent of the vote in the previous presidential election.
• D) Taxpayers may contribute to the public funding of presidential campaigns, at no cost to themselves, on their federal income tax forms.
• E) Candidates who accept matching funds may spend no more than $42 million, including matching funds, in their presidential primary campaigns.

---

Definitions:

Salary

Regular payment made by an employer to an employee, especially a professional or white-collar worker.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

Purchase

Purchase involves the act of acquiring goods or services in exchange for money, representing a basic transaction in the economic system.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service.