Economic Globalization Is

question 12

Multiple Choice

Economic globalization is

• A) a place in Europe where many of the worldʹs leaders regularly meet to discuss the worldʹs problems.
• B) the spread of U.S. goods around the world.
• C) a term used to describe the spread of technology and communication around the world.
• D) the interrelationships among the world economies.

---

Definitions:

Cash Discounts

Reductions in price offered to customers for prompt payment of their bills.

Interest Days

The number of days over which interest is calculated, often used in the context of loans or investments.

Consumer Loans

Loans given to individuals by financial institutions for personal, family, or household purposes such as buying a car or home improvement.

Actual Interest Rate

The true rate of interest earned or paid on an investment, loan, or other financial product over a specific time period.