The ____ Was Adopted by the United Nations to Have

question 223

Multiple Choice

The ____ was adopted by the United Nations to have a commercial code that parties would think unbiased.

• A) Uniform Commercial Code
• B) International Uniform Commercial Code
• C) Convention on Contracts for the International Sale of Goods
• D) Convention on the International Commercial Code
• E) Convention on Contracts for International Business

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Definitions:

Federal Funds

Reserve balances that commercial banks hold at the Federal Reserve, which can be lent to other banks overnight to meet reserve requirements, influencing the federal funds rate.

Short-Term Basis

A period or timeframe that typically covers the near future, often less than a year, used for planning and decision making.

Banks

Financial institutions that accept deposits from the public, create credit, and provide loans, among other financial services.

Lender Of Last Resort

The role typically assumed by a central bank to provide funds to financial institutions in distress, to prevent systemic failures.