An Agency Relationship Can Be Terminated Through ________

question 14

Multiple Choice

An agency relationship can be terminated through ________.

• A)fulfillment of the agency's purpose
• B)the occurrence of a specific event
• C)revocation of the agent's authority
• D)fulfillment of the agency's purpose,the occurrence of a specific event,or revocation of the agent's authority
• E)fulfillment of the agency's purpose and the occurrence of a specific event,but not revocation of the agent's authority

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Definitions:

Foreign-Currency Exchange

The trading of currencies from different countries against each other.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.

Tariff

A tax on goods produced abroad and sold domestically.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be obtained with a unit of domestic currency.