Which of the Following Is True About the OECD Guidelines

question 53

Multiple Choice

Which of the following is true about the OECD Guidelines?

• A) An informal process exists to "encourage" observance of the guidelines.
• B) Each government that joins in the guidelines sets up an office,called a "national contact point."
• C) Observance of the guidelines is obligatory.
• D) There are legal sanctions and penalties for violations of the guidelines.

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Definitions:

Effective Annual Rate

The interest rate that reflects the compounding effects within a year, providing a true reflection of the return on investment.

Quoted Rates

The interest rates that lenders advertise or offer to potential borrowers for specific loan products.

Life Insurance Policy

A contract between an insurer and a policyholder where the insurer pays a designated beneficiary a sum of money upon the death of the insured person.

Lump Sum

A single payment made at a particular time, as opposed to a series of payments made over time.