Which of the Following Developments Encouraged Globalization of Markets During

question 41

Multiple Choice

Which of the following developments encouraged globalization of markets during the 1990s?

• A) Eleven European countries began using the "euro" as a common currency for all transactions.
• B) The ability to buy and sell goods on the Internet.
• C) Numerous bilateral and multilateral trade agreements were reached.
• D) both a and c
• E) all of the above

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Definitions:

Non-Interest-Bearing Note

A promissory note or loan agreement that does not accrue interest over its duration.

Present Value

The contemporary valuation of a sum of money to be received in the future or ongoing cash flows, using a specific return rate.

Sales Revenue

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Premium On Bonds Payable

The amount by which the selling price of a bond exceeds its face value, representing an additional cost to the issuer over the bond’s life.