What Is a Tariff

question 106

Multiple Choice

What is a tariff?

• A)A limit on the amount of products that can be imported into a country
• B)A limit on the amount of products that can be exported out of a country
• C)A tax on goods and services imported into a country
• D)A tax on goods and services exported out of a country
• E)The rate at which goods and services are traded internationally

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Definitions:

Lockbox System

A lockbox system is a service offered by banks to companies for the receipt of payment from customers, under which the payments are directed to a special post office box rather than to the company.

Daily Interest Rate

A method of calculating interest where the rate is applied to the principal on a daily basis.

Miller-Orr Model

A financial model used for managing cash balances and optimizing the levels of cash holding based on specified upper and lower limits.