The ________ Is an Agreement to Create a Customs Union

question 69

Multiple Choice

The ________ is an agreement to create a customs union among the governments of Argentina, Brazil, Paraguay, and Uruguay.

• A) Mercosur Accord
• B) ASEAN Free Trade Area
• C) Andean Pact
• D) Central America Common Market

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Definitions:

Semi-Annual

Occurring twice a year; pertaining to a period of six months.

Coupon Bond

A debt security that pays the holder a fixed interest rate, known as the coupon, usually annually or semi-annually, until its maturity date.

Present Value

The present-day value of future money or cash flows, based on a specific rate of return.

Coupon Bonds

Debt securities that pay holders a fixed interest rate (the coupon) on a periodic basis until the bond matures, at which point the principal amount is repaid.