Which of the Following Is True of the General Agreement

question 56

Multiple Choice

Which of the following is true of the General Agreement on Trade in Services (GATS) ?

• A)It eliminated the focus of WTO from the goods sector.
• B)It introduced service guidelines favoring the developing nations.
• C)It sought to reduce the movement of high-end professional services.
• D)It sought to reduce the barriers to trade in services.
• E)It sought to categorize services and impose tariffs accordingly.

Identify different types of special-purpose bonds, including catastrophe bonds and contingent bonds.

Understand why debt securities are often referred to as fixed-income securities.

Understand the implications of subordination clauses and collateral in the safety and valuation of bonds.

Calculate the intrinsic value of a bond given its yield to maturity and coupon rate.

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Definitions:

Fraudulent Misrepresentation

This is a false statement of fact made deceitfully to induce another party to enter into a contract, resulting in harm or loss.

Consequential Damages

Losses that do not flow directly and immediately from an act but only from some of the consequences or results of the act.

Polished

Describes something that has been refined, improved, or made smooth and shiny, often through thorough work or effort.

Satisfactory Performance

The achievement of work or tasks to a level that meets agreed standards or expectations.