Small Claims Courts

question 42

Multiple Choice

Small claims courts:

• A)hear only class-action suits.
• B)are located in every state.
• C)have no minimum dollar limit on claims.
• D)require the use of an attorney.
• E)require that claims be in excess of $100,000.

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Definitions:

International Bond

A bond issued in a country by a non-domestic entity, often in a currency other than that of the issuer's country.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of currencies.

Price Adjustment

A change in the purchase price of a good or service in response to market factors or contractual terms.

Eurobanks

Banks that make loans and accept deposits in foreign currencies.