If I am correct I think the answer is "Federalist Papers"
Federalism changes as time passes by. During the 1930 until the year 1960, there was a division of labor with the state and national government. The federalist division of labor then governs the dominant and doctrine of the elections. This doctrine was then abolished succeeding the Civil war.
The answer is (4) england :-)
In general economic terms, liquidity risk is "the chance that investors will not be able to turn investments back into cash quickly enough to meet their financial needs" since the funds in question are at risk of losing value quickly.
