Most of the flOw of Foreign Aid Goes to

question 128

Multiple Choice

Most of the flow of foreign aid goes to

• A) the poorest of developing countries (DVCs).
• B) the most affluent of the developing country populations.
• C) the smallest developing countries.
• D) about 70 percent of the world's poorest people.

Recognize the effects of government fiscal policies on financial markets.

Compute the term of investment or loan based on given financial variables.

Analyze the effect of successive financial rates of return on an investment's value.

Understand the concept of compound interest and its applications in financial calculations.

---

Definitions:

Net Pay

Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.

Wages and Salaries Payable

Liabilities for wages and salaries that have been earned by employees but have not yet been paid.

Federal Income Taxes Payable

The amount of income tax that a company or individual owes to the federal government and has not yet paid.

Payroll Taxes Payable

Liabilities owed to tax authorities for employee taxes withheld and employer payroll taxes; to be paid within a specified period.