Private Saving Is Defined as

question 150

Multiple Choice

Private saving is defined as

• A)Y + TR - C - T.
• B)T + G + TR.
• C)T - G + TR.
• D)Y + TR + C - T.

---

Definitions:

Foreign Corrupt Practices Act

A U.S. law aimed at preventing companies from bribing foreign officials to obtain or retain business.

Cross-Border Insolvencies

Legal proceedings dealing with the insolvency of debtors who have assets or creditors in more than one country.

U.S. Bankruptcy Code

The federal statute that governs bankruptcy proceedings in the United States, facilitating the reorganization or liquidation of debtors' assets.

Domestic Commercial Contracts

Pertains to agreements made within a country’s borders that are related to the purchase, sale, or exchange of goods and services.