Which of the Following Is True of the CFTA

question 26

Multiple Choice

Which of the following is true of the CFTA?

• A) It was designed to eliminate trade barriers between the United States, Canada, and parts of Asia.
• B) It created several, independent commercial markets for goods and services.
• C) It was a customs union like the European Community.
• D) It involved economic and political unions.
• E) It provided only for the elimination of tariffs and other trade barriers between the United States and Canada.

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Definitions:

Code

A set of rules or principles designed to regulate conduct or provide guidelines for behavior.

Indorsement

A signature, usually on the back of a check or other negotiable instrument, that transfers the rights of the document to another party or specifies conditions for its use.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for the United States' monetary policy.

Restrictive Indorsement

An endorsement on a negotiable instrument that limits the way the instrument can be further transferred or conditions under which it can be cashed.