The ____________________ Corrupt Practices Act of 1977 Prohibits Payments to Foreign

question 54

Short Answer

The ____________________ Corrupt Practices Act of 1977 prohibits payments to foreign officials for the purpose of obtaining or retaining business.

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Definitions:

Government Budget Deficit

A government budget deficit occurs when a government spends more money than it receives in revenue over a given period.

Foreign-Currency Exchange

The trading of currencies from different countries against each other.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.

Tariff

A tax on goods produced abroad and sold domestically.