Economic Development Policies Can Include All Except

question 62

Multiple Choice

Economic development policies can include all except:

• A) Property rights and rule of law
• B) Market-based economics
• C) Infrastructure
• D) Lower income levels to decrease inequality

---

Definitions:

Exchange Gain

A profit resulting from foreign currency transactions when the value of the currency received is higher than the value of the currency exchanged at the transaction rate.

Spot Rate

The current market price for immediate settlement of a currency exchange, commodity, or security.

Singapore Dollars (SGD)

The official currency of Singapore, represented by the symbol S$.

Cash-flow Hedge

A hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with a recognized asset or liability, or a forecasted transaction.