In the 1870s,what Group of Indicators Signalled a Turning Point

question 54

Multiple Choice

In the 1870s,what group of indicators signalled a turning point in global economic integration?

• A)the degree of trade and the flow of investment
• B)the degree of trade and the convergence of international prices
• C)the degree of trade,the flow of investment,and the convergence of international prices
• D)the convergence of international prices and the convergence of international wage rates

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Definitions:

Compensating Balance

A minimum cash balance required by some banks to be maintained in a bank account.

Maximum Cash Balance

The highest amount of cash that a company aims to hold at any given time.

Internal Control

Protocols and processes designed by a business to secure the authenticity of its financial and accounting information, enhance accountability, and impede fraudulent operations.

Control Environment

The set of standards, processes, and structures that provide the foundation for carrying out internal control across the organization.