Regarding the International Payments Process,which Statement Is True

question 147

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 ensure that money is flowing properly between the various countries.
• C)The World Bank monitors the national banks of its members to ensure 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:

Income Inequality

The uneven distribution of income within a population, where some individuals earn significantly more than others.

Social Security Act

A law enacted in 1935 in the United States to provide for the general welfare by establishing a system of federal old-age benefits, and by enabling the states to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws.

Industrial Accidents

Unplanned events that occur in the industrial sector causing injury to employees or damage to properties.

Social Security Program

A government program that provides financial benefits to retirees, disabled workers, and survivors of deceased workers.