Foreign Aid

question 101

Multiple Choice

Foreign aid:

• A)is an important source of funding for investment in most developing countries.
• B)does not contribute much to domestic investment in most developing countries.
• C)is largely wasted in most developing countries because it comes with no strings attached.
• D)provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries.

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Definitions:

Priority in Bankruptcy

The ranking order established by bankruptcy law that determines the sequence in which creditors are paid from a debtor's estate.

Accounts Receivables

The amounts of money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Negotiable Instrument

A document in writing that promises to pay a certain sum of money, either upon request or at a predetermined date, with the person responsible for payment identified on the document.

Delivered

Refers to goods, documents, or other items that have been transported and handed over to the person they were intended for.