Which of the Following Is the Largest Common-Market Agreement in the Americas

question 11

Multiple Choice

Which of the following is the largest common-market agreement in the Americas?

• A) CFTA
• B) NAFTA
• C) Mercosur
• D) DR-CAFTA
• E) SAFTA

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Definitions:

Credit

An accounting entry that increases a liability or equity account or decreases an asset or expense account, reflecting the opposite of a debit.

Basic Accounting Equation

Assets = Liabilities + Stockholders’ Equity.

Assets

Resources owned by a business or individual that have economic value and can be converted into cash.

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, mortgages, deferred revenues, or bonds.