In the Decision Involving Tariffs on Latin American Bananas,the Panel

question 39

Multiple Choice

In the decision involving tariffs on Latin American bananas,the panel:

• A) recommended the tariffs be brought in line with the EEC's obligations under GATT.
• B) said the Latin American countries were authorized to impose sanctions on the EEC.
• C) found the EEC's tariffs to be within GATT guidelines.
• D) dismissed the case after the EEC agreed to adopt tariffs that were more in line with its GATT obligations.

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Definitions:

Compounded Daily

The process of calculating interest where the accrued interest is added to the principal sum each day, resulting in interest earnings on interest.

Investment Account

An account held at a financial institution that is used by investors to hold and manage securities, such as stocks, bonds, and mutual funds, and other investments.

Rate Of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s initial cost.

Effective Annual Rate

The annual interest rate that takes into account the effects of compounding over multiple periods.