Regarding the International Payments Process,which Statement Is TRUE

question 103

Multiple Choice

Regarding the international payments process,which statement is TRUE?

• A) In international trade, money will flow from the country with the strongest currency to that of the weakest.
• B) The World Bank monitors the trade of its members to insure that money is flowing properly between the various countries.
• C) The World Bank monitors the national banks of its members to insure that money is flowing properly between the various countries.
• D) By international law, international trade must involve money flowing between two countries.
• E) Money does not actually have to flow between two countries.

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Definitions:

Social Security

A federal government program in the United States that provides retirement, disability, and survivors' benefits to eligible individuals.

Contributory Program

A social program financed through the contributions of its participants, often via taxes or premiums, providing benefits based on those contributions.

Social Security

A government program that provides financial assistance to people who are retired, disabled, or otherwise eligible for benefits based on their earnings records.

Income Percentage

The proportion of a person's or entity's income relative to a specific benchmark or total income, often used in financial analysis and planning.