The Following Conditions Led to the Establishment of International Finance

question 91

Multiple Choice

The following conditions led to the establishment of international finance centers:

• A) the end of the gold standard and the Bretton Woods Accord.
• B) WTO guidelines and IMF regulations.
• C) floating exchange rates and growth in the FX markets.
• D) growth of sustainable business practices and social responsibility.

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Definitions:

Percent of Receivables Method

An accounting technique used to estimate the amount of a company's receivables that will not be collected.

Unadjusted Trial Balance

A financial report that lists all the accounts and their balances from the ledger before any adjusting entries are made, used to verify the equality of debits and credits.

Ending Accounts Receivable

Ending accounts receivable is the amount of money owed to a company by its customers for goods or services delivered but not yet paid for at the end of an accounting period.

Maturity Date

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.