Question

The American Bankers Association (ABA) is a trade association that has a fundraising arm that provides money to legislative and presidential candidates in proportion to how much these candidates support the ABA’s mission. This fundraising arm is a(n) ?
a. labor union

b. iron triangle

c. political action committee (PAC)

d. issue network

Answer 1

Based on the fact that the ABA fundraises for legislative and presidential candidates, they are a c. politcal action committee.

What is a political action committee?

These are organizations that raise money to fund politicians running for office such as in the legislative and for the presidency.

These organizations raise these funds in the hopes that the politicians they sponsor will support the goals of the organization when the politician gets into office. This is what the ABA does.

Find out more on Political Action Committees at brainly.com/question/2773355.