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A directorial republic is a government system with power divided among a college of several people who jointly exercise the powers of a head of state and/or a head of government. Merchant republic: In the early Renaissance, a number of small, wealthy, trade-based city-states embraced republican ideals, notably across Italy and the Baltic.
In modern usage, a republican system of government is loosely applied to any state which claims this designation. [20] For example, the Dominican Republic under Rafael Trujillo is considered a republic, as is the Republic of Iraq under Saddam Hussein.
A federal republic is a federation of states with a republican form of government. At its core, the literal meaning of the word republic when used to reference a form of government means a country that is governed by elected representatives and by an elected leader, such as a president, rather than by a monarch or any hereditary aristocracy .
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In addition, there are a few countries which use the term "Democratic Republic" in the name and have a good record of holding free or relatively free general elections and were rated "flawed democracy" or "full democracy" in the Democracy Index, such as the Democratic Republic of Timor-Leste , the Democratic Republic of São Tomé and Príncipe ...
Why we chose it: The Alliant Kids Savings Account earns a competitive yield for a children’s savings account. The Alliant Kids Savings Account requires an initial deposit of $5, which the credit ...
Fiji Republic proclaimed as a result of the coup d'état of Sitiveni Rabuka [19] Mauritius: 12 March 1992: Republic of Mauritius proclaimed as a result of constitutional changes [20] Nepal: 28 May 2008: Abolition of monarchy [21] Barbados: 30 November 2021: Proclaimed itself a republic via constitutional changes [20]
Savings accounts for kids. An alternative to a custodial account is a savings account that’s designed for children under age 18, and there is joint ownership between the parent and child.