Money and elections quiz

Question 1

is a lot of money spent on the presidential election

Answer 1

yes

Question 2

what are the five types of private donors

Answer 2

small contributors, wealthy individuals and families, candidates, political action committees, temporary organizations

Question 3

what are small contributors

Answer 3

people who give the random $20

Question 4

what do PACs do as a source for campaign money

Answer 4

raise money as special interests groups

Question 5

how do temporary organizations help with sources

Answer 5

just have the purpose to raise money for a candidate

Question 6

who oftens holds fundraisers for candidates

Answer 6

celebrities

Question 7

subsidy

Answer 7

a grant of money, usually from the government

Question 8

who regulates campaign money

Answer 8

federal government

Question 9

what does the federal election commission do (FEC)

Answer 9

handles all federal law with campaign finance

Question 10

what branch is the FEC connected to

Answer 10

executive

Question 11

what are the 4 things the FEC is supposed to do

Answer 11

1. ) require campaigns to release their financial info in a timely manner
2. ) place limits on campaign contributions
3. ) place limits on campaign expenditures
4. ) provide public funding for the presidential election

Question 12

what are the 6 restrictions on campaign donations

Answer 12

1. ) no individual or group can make a contribution in the name of another
2. ) cash gifts can not be more than $100
3. ) no money can originate from a foreign country
4. ) must be made directly to the campaign itself
5. ) $200 or over must be logged by name and date
6. ) $5000 and over must be reported to the FEC within 48 hours

Question 13

what are the limits to what a person is a loud to give to candidates (4)

Answer 13

1. ) no more than 2,400 to candidates general election campaign
2. ) no more than 5,000 a year to a political action committee
3. )no more than 28,500 a year to a nation party committee
4. ) no more than 108,200 in an election cycle total

Question 14

what do PACs want to do

Answer 14

impact public policies

Question 15

what are the two types of PACs

Answer 15

connected and unconnected

Question 16

connected PACs

Answer 16

• known as “segregated fund committee”
• can only seek money from their members, not public
• each have some sort of parent organization

Question 17

unconnected PACs

Answer 17

• independent and not connected with a parent organization
• most are ideological
• can raise money front the public

Question 18

what are the limits to PACs donations

Answer 18

• can not give more than $5,000 to a federal candidate
• can give up to 5,000 to as many candidates
• can give $15,000 year to political parties

Question 19

what decision chnaged some of the laws on limiting federal campaign spending

Answer 19

Buckley v. Valeo Supreme Court decision

Question 20

what did the buckley decision state

Answer 20

limits stop peoples first amendment rights
money= free speech
any presidential candidate who takes federal subsidies must agree to limited spending

Question 21

how can a candidate receive public money (3)

Answer 21

pre-convention campaigns
national conventions
presidential election campaigns

Question 22

pre-convention campaigns

Answer 22

candidate must have at least $100,000 in contributions from individuals
must come from 20 states and can not take more than $250 from each contributor

Question 23

national conventions

Answer 23

each party can receive a grant from FEC to pay for its convention

Question 24

presidential election campaigns

Answer 24

money from FEC… but if you take it, you cant spend more than what you receive