The federal system can best be defined as a system of government where member nations meet in a multinational conference. a system of government in which power is divided between a national government and lower levels of government. a system in which the power of the central government is funded through taxation of local government. the sharing of legislative powers between an upper and a lower house.

A system of government in which power is divided between a national government and lower levels of government is the correct answer.

Explanation:

The type of government in which the power is divided between the national, state and local government in which  each level of government is granted with the sovereignty in some areas, is known as Federal system of Government. In federalism two levels of government can exercise the control over the same geographical area. Separation of powers is also a feature of federal government.  The federal government is made up of three branches legislative, executive and judicial. Each branch have its powers and responsibilities.

b) the importance and limits of political power.

he risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

explanation: