An Example of a Failed Unilateral Use of Export Controls

question 22

True/False

An example of a failed unilateral use of export controls was the embargo of wheat destined to Russia as a political response to the Russian invasion of Afghanistan.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations.

Treasury Bills

Short-term government securities issued at a discount from their face value, maturing in a year or less.

Low Default Risk

A classification for bonds or other forms of debt that are deemed to have a minimal chance of the issuer failing to make the required payments.

Money Market

The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded, intended for short-term borrowing and lending.