The Export Administration Act

question 52

Multiple Choice

The Export Administration Act:

• A) allows Customs to set tariffs based on "prevailing world rates"
• B) grants exporters limited exemptions from U.S. antitrust laws to develop certain business associations
• C) allows certain associations dealing with sensitive services or technologies to qualify for export registration
• D) despite its effectiveness in promoting international trade, it was repealed by the Export Trading Act of 2002
• E) none of the other choices

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Definitions:

Semiannual Interest

Interest that is paid or calculated twice a year, often used in bond payments.

Compounded Annually

This term describes interest on an investment that is calculated once a year, where the interest added also earns interest in subsequent years.

Withdrawals

Money taken out from a business by its owners for personal use.

Compound Interest

Interest calculated on the initial principal as well as the accumulated interest of previous periods of a deposit or loan.