In the United States,the Foreign Corrupt Practices Act Was Passed

question 43

Multiple Choice

In the United States,the Foreign Corrupt Practices Act was passed during the _______ following revelations that U.S.companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.

• A) 1990s
• B) 1980s
• C) 1970s
• D) 1960s
• E) 1950s

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Definitions:

Nominal Exchange Rate

The current market price at which one currency can be exchanged for another.

Real Exchange Rate

The rate at which two currencies can be exchanged for each other, adjusted for inflation, which represents the true purchasing power.

Inflation Rate

A rise in the cost percentage of goods and services in an economy during a certain period.

Depreciate

The gradual reduction in the economic value of tangible fixed assets due to wear and tear over time.