One Target of ASEAN Vision 2020 Is to

question 11

Multiple Choice

One target of ASEAN Vision 2020 is to

• A) implement fully and as rapidly as possible the ASEAN Free Trade Area.
• B) form the ASEAN+3 to deal with trade and monetary issues facing Asia.
• C) shift Asian economies from manufacturing based to commodity based.
• D) aid Japan's emergence as the major provider of technology and capital necessary to develop new industries.
• E) prevent the further privatization of state-owned industries.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowing funds, typically represented as a line item on the income statement reflecting the interest payable on any borrowings.

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Semi-Annual Interest

Interest payments made two times a year on a loan or investment.

Annual Interest

The amount of interest to be paid or earned over a year, often related to loans, savings, or investments.