What Was the Main Policy Impact of the Federal Arbitration

question 26

Multiple Choice

What was the main policy impact of the Federal Arbitration Act?

• A) It allowed for the federal financing of arbitration.
• B) It created a federal agency to oversee the creation of ADR techniquest.
• C) It established a national policy in favor of arbitration.
• D) None of these answers is correct.

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Definitions:

Pay Off

To complete the payment of a debt, thereby fulfilling a financial obligation.

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year on the initial principal and previously earned interest.

Amortized

The process of paying off debt through regular payments over a period, which includes both principal and interest.

Compounded Monthly

The frequent calculation and addition of interest to an investment or debt balance each month.