Globalization _____ the Wealth Gap Between the Rich and Poor

question 96

Multiple Choice

Globalization _____ the wealth gap between the rich and poor countries.

• A)increases
• B)decreases
• C)has little impact on
• D)has a mixed impact on

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Definitions:

Mortgage

A loan specifically designed for the purchase of property, in which the property itself serves as security for the loan.

Lease

A contractual agreement by which one party conveys property, land, services, or goods to another for a specified time, usually in return for a periodic payment.

Escrow Agent

A neutral third party who holds assets or documents in trust until certain conditions are met and then facilitates the transfer of these assets or completion of legal obligations.

Security Interest

A legal claim or lien on collateral that has been offered to secure a loan, ensuring the lender can repossess or take ownership of the collateral if the borrower defaults.