The Dramatic Impact of Globalization in the Past and Even

question 30

Multiple Choice

The dramatic impact of globalization in the past and even more so today is driven by what kind of changes?

• A) internal and external migration patterns
• B) perceptions of time and space
• C) greenhouse gasses and weather patterns
• D) transportation and communication technologies
• E) rapid development and crashes

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Definitions:

Protective Covenants

Clauses in a contract or bond indenture that restrict the borrower from certain activities, aiming to protect creditors.

Real Rates

Interest rates or rates of return that have been adjusted for inflation, showing the real purchasing power of the amount.

Nominal Rates

Interest rates or rates of return on investment that have not been adjusted for inflation, representing the face value of financial instruments.

Effective Rates

The actual interest rate that a borrower pays on a loan or receives on a deposit, taking into account the compounding of interest.