Which of the Following Statements Is Most Correct

question 146

Multiple Choice

Which of the following statements is most correct?

• A)The benefits of international specialization of effort are so great that a nation should pursue such a policy irrespective of the policies of other nations.
• B)Arbitrage in the international exchange market has the unfortunate effect of creating instability in exchange rates.
• C)The trust receipt is used by a bank in releasing shipping documents to a customer when the bank wishes to retain title to the merchandise.
• D)The bankers' acceptance and the commercial letter of credit involve three principal parties: the importer,the importer's bank,and the exporter.

---

Definitions:

Joint Tenancy

A form of property ownership in which two or more parties own a property together, with rights of survivorship.

Community Property

A type of shared asset ownership usually among married couples, in which properties obtained while married are equally held by each partner.

Tenancy In Common

A form of co-ownership where each tenant holds an undivided interest in the property, with no right of survivorship.

Tenancy By The Entirety

A form of joint property ownership that is available only to married couples, where each owns the entire property and neither can dispose of it without the consent of the other.