In Debt-For-Nature Swaps, Participating Countries ____

question 55

Multiple Choice

In debt-for-nature swaps, participating countries ____.

• A) act as custodians of protected forest reserves in return for foreign aid or debt relief
• B) take out loans to finance nature preserves
• C) sell nature preserves to industries to pay off debts
• D) invest in ecologically sound companies
• E) repay debts with raw natural resources rather than currency

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Definitions:

Contract of Sale

A legal agreement between a seller and buyer where the seller agrees to deliver a product or property in exchange for a certain price from the buyer.

Sale

A transaction between two parties where goods, services, or assets are exchanged for money or other considerations.

Title

The legal right to own, use, or dispose of property, goods, or intellectual property.

Risk of Loss

The potential for an asset to be damaged, destroyed, or lost, and the consideration of who bears this responsibility until the asset is delivered.