Which of the Following Is a Law That Compels a Company

question 21

Multiple Choice

Which of the following is a law that compels a company earning foreign currency from its exports to sell it to a central bank rather than sending the money out of the country?

• A)a tariff
• B)a quota
• C)a fiscal prerequisite
• D)an exchange control

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Definitions:

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest over three-month intervals.

Interest Rate

The percentage at which interest is calculated on the principal of a loan or deposit over a specific period of time.

Payments

The act of transferring money or something of value from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Borrowed

Refers to funds that have been taken from another party under the agreement that they will be repaid at a later date, often with interest.