The Cumulative Effect of GATT in Developed Countries Was a ________

question 56

Multiple Choice

The cumulative effect of GATT in developed countries was a ________.

• A) substantial reduction in tariffs
• B) small increase in tariffs
• C) substantial increase in tariffs
• D) reduction in world trade

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Definitions:

Dividend Yield

A financial ratio that indicates how much a company pays out in dividends each year relative to its share price.

Coupon

The interest rate disbursed annually on a bond, indicated as a percent of its face value.

Bond Price

Bond price is the present value of a bond's future interest payments and its redemption value at maturity, which fluctuates with interest rates and the bond's credit rating.

Tax Exempt Equivalent Yield

A calculation that determines the return needed on a taxable bond to make it equivalent to the yield on a tax-exempt bond, factoring in the investor's tax rate.