If Portable Disk Players Made in China Are Imported into the United

question 296

Multiple Choice

If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with

• A) US dollars.
• B) yuan, the Chinese currency.
• C) international monetary credits.
• D) euros, or any other third currency.

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Definitions:

Consumer

An individual who purchases goods and services for personal use.

Sale Under UCC

Transaction of goods governed by the Uniform Commercial Code, a set of laws regulating sales and commercial transactions in the United States.

Payable Cash

Monetary amounts that are due and able to be paid in cash form.

Right To Possess

The legal authority or right to have physical control over something.