Which of the Following Statements About Multilateral Netting System Are

question 18

Multiple Choice

Which of the following statements about multilateral netting system are correct?
(i) - each affiliate nets all its inter-affiliate receipts against all its disbursements.
(ii) - it transfers or receives a balance,depending on whether it is a net payer or receiver.
(iii) - the net funds to be received by the affiliates will equal the net disbursements to be made by the affiliates.
(iv) - only two foreign exchange transactions are necessary since the affiliates' net receipts will always be equal to zero.
(v) - only two foreign exchange transactions are necessary since the affiliates' net disbursements will always be equal to zero.

• A) Only (i) and (ii)
• B) Only (i), (ii), and (iii)
• C) Only (i), (ii), (iii), and (iv)
• D) Only (i), (ii), (iii), and (v)

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Definitions:

Bribery and Fraud

Illegal practices involving the offering, giving, receiving, or soliciting of something of value for the purpose of influencing the actions of an individual in a position of trust.

Government Positions

Roles or jobs within the structure of government, ranging from elected officials to public service employees, responsible for governing and administering public policy.

Bailey v. Drexel Furniture Company

A 1922 United States Supreme Court decision that ruled the Child Labor Tax Law of 1919 unconstitutional, which had imposed a tax on companies using child labor.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and that is mentally, physically, socially or morally dangerous and harmful.