Which of the Following Is True of the Export-Import Bank

question 162

Multiple Choice

Which of the following is true of the Export-Import Bank of the United States?

• A) It provided loans to Latin American entrepreneurs to encourage industrialization in Latin American nations.
• B) It provided monetary grants to American businesses wishing to increase their export trade.
• C) It provided loans to foreign nations for the purchase of American goods.
• D) It provided monetary grants to American businesses to purchase foreign industries primarily engaged in exports to the United States.

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Definitions:

Transfer Price

The cost at which products and services are exchanged between departments within the same organization.

Tax Rate

The percentage at which an individual or corporation's income is taxed by the government.

Profitable Subassembly

A component or assembly within a product that generates profit by being produced and sold as part of the final product.

Absorption Costs

The total of all direct and indirect manufacturing costs assigned to a product.