If Afghanistan,Pakistan,and India Moved Beyond a Custom Union by Removing

question 81

Multiple Choice

If Afghanistan,Pakistan,and India moved beyond a custom union by removing barriers to trade within the market and by maintaining a common tariff for nonmembers,the result would be a(n) :

• A) Political union
• B) Economic union
• C) Common market
• D) Free trade area
• E) Free trade zone

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Definitions:

Actual Knowledge

Direct awareness or understanding of a fact, without needing to infer from other facts.

Holder In Due Course

A legal term for someone who has acquired a negotiable instrument, like a check, in good faith and is entitled to payment.

Unauthorized Signature

A signature placed on a document by someone not explicitly authorized to do so by the person whose signature is forged.

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.