______________ Is a Particular Customs Union That Allows Not Only

question 20

Multiple Choice

______________ is a particular customs union that allows not only free trade of products and services but also free mobility of production factors across national member borders.

• A) Customs union
• B) Economic union
• C) Political union
• D) Common market

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Definitions:

Lbs

An abbreviation for pounds, a unit of weight commonly used in the United States and the British imperial system; not directly a financial term unless related to commodities trading.

Coffee Futures

Financial contracts obligating the buyer to purchase coffee, and the seller to sell coffee, at a predetermined future date and price.

Pounds

A unit of mass commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.

Marking to Market

The practice of updating the value of a financial instrument to reflect its current market value.