In 1998, the Richest Country in the World Possessed 115

question 10

True/False

In 1998, the richest country in the world possessed 115 times the per capital income of the poorest.

---

Definitions:

Quarterly Disbursements

The act of paying out or distributing company funds, typically dividends or investments, on a quarterly basis.

Compensating Balance

A minimum account balance that a firm agrees to maintain in a bank account, often used to secure a loan or line of credit.

Accounts Payable

Short-term liabilities representing amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Factoring

A financial transaction and a type of debtor finance where a business sells its accounts receivable to a third party (the factor) at a discount.