In Order to Participate in the Financial Stability Forum (FSF)

question 20

Multiple Choice

In order to participate in the Financial Stability Forum (FSF) , a country

• A)must have sound economic policies
• B)must establish banking systems that encourage appropriate risk taking
• C)must standardize the reporting of qualitative and quantitative information
• D)All of the above

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Definitions:

Justifiable Reliance

A principle in contract law requiring that a party's reliance on another's representation or promise must be reasonable and justified for it to be legally actionable.

Competent Parties

Individuals or entities that are legally capable of entering into a contract, meaning they have the mental capacity and legal authority to do so.

Economic Duress

This involves the use of unlawful pressure or threats by one party to compel another party to act in a way that is against their will or financial interest.

Subjective Evidence

Information or proof based on personal feelings, opinions, or tastes, rather than concrete facts.