Which of the Following Statements About the Washington Consensus Is

question 1

Multiple Choice

Which of the following statements about the Washington Consensus is accurate?

• A) In the 1980s it began to encourage countries to increase state power.
• B) In the 1980s it began to encourage countries to limit regulation.
• C) In the 1980s it began to encourage countries to restrict private industry.
• D) In the 1980s it began to encourage state governments to relax the rule of law.

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Definitions:

Compounded Monthly

The calculation of interest where the interest earned over a month is added to the principal, and this process is repeated every month.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, on a monthly basis.

Compounded Annually

Interest on an investment or loan calculated once a year on both the initial principal and the accumulated interest from previous periods.

RRSP

Registered Retirement Savings Plan, a Canadian retirement savings vehicle that offers tax benefits.