Answer :
The presidential election campaign fund was created in 1972 to provide public funds for presidential campaigns. (Option B) See further explanation below.
What was the purpose of the Presidential Election Campaign Fund?
The public financing program was created with the intention of using tax resources to:
Match the first $250 of each individual donation received by a qualified presidential candidate during the primary campaign; and
Fund the general election campaigns of the main party nominees (and assist eligible minor party nominees).
It is to be noted that The Federal Election Campaign Act of 1974 established a six-member bipartisan agency.
This agency is in charge of administering and enforcing campaign financing regulations.
This fund receives money from the $3 federal income tax check-off, which is subsequently provided to qualifying candidates to finance their presidential campaigns.
Learn more about the Presidential Election Campaign Fund:
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