The New Deal Reforms Included a Large Transfer of Power

question 26

Multiple Choice

The New Deal reforms included a large transfer of power to ________ and ________.

• A) Congress; the president
• B) bureaucrats; the president
• C) the president; state governors
• D) bureaucrats; state governors
• E) Congress; state governors

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Definitions:

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, based on the accounting equation.

Financial Statement

Reports that summarize the financial performance, position, and cash flows of a business for a specific period.

Account

An account is a record within an accounting system that is used to store financial transactions of a particular type, such as assets, liabilities, equity, revenues, and expenses.

Withdrawals

Money or other assets taken out from a business by its owner(s) for personal use.