An Example of an Import Quota Is A

question 186

Multiple Choice

An example of an import quota is a:

• A)limit on the total number of Honda automobiles imported from Japan.
• B)regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.
• C)tax of 10% of the value of each Honda automobile imported from Japan.
• D)subsidy from the Japanese government of $500 for each Honda automobile imported into the United States.

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Definitions:

Notice Of Dishonor

A formal notification that a negotiable instrument, like a check, has been refused payment and is dishonored.

Collecting Bank

A bank that processes checks and other instruments for payment on behalf of the payee.

Secondarily Liable

Being indirectly responsible for a debt or obligation, where primary liability falls to another party.

Endorser

One who issues an endorsement.