With a Preferential Trading Arrangement, a Group of Countries Agrees

question 39

True/False

With a preferential trading arrangement, a group of countries agrees to unilaterally reduce tariffs applied to imports from all countries of the world.

---

Definitions:

Receive Payment

The process of collecting money from customers in exchange for goods or services provided.

Online Bank Transfer

A method used to move money electronically from one bank account to another through internet banking services.

Customer Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or designated recipient.

Create Icon

The action or process of designing a graphical symbol or emblem to represent an application, file, directory, or function on a digital interface.