Which of the Following Was NOT an Obstacle to the Market

question 28

Multiple Choice

Which of the following was NOT an obstacle to the market reforms of the early 1990s?

• A) The lack of an effective tax collection system
• B) Inadequate state regulation
• C) Resistance from regional leaders and oligarchs
• D) Continued government subsidization of ineffective operations
• E) All of the above were obstacles to the reforms.

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Definitions:

Perfection

The series of legal steps a secured party takes to protect its right in collateral from other creditors that want to have their debts returned through the same collateral.

Possession

The act of having or holding property in one's control; this can range from ownership of land to possession of items or goods.

Security Agreement

An agreement in which a debtor gives a secured interest to a secured party.

Collateral

The property that is subject to a secured interest.