Which of the Following Statements About Multilateral Netting System Are

question 47

Multiple Choice

Which of the following statements about multilateral netting system are correct? (i) Each affiliate nets all its inter-affiliate receipts against all its disbursements.
(ii) Each affiliate transfers or receives a balance,depending on whether it is a net payer or receiver.
(iii) The net funds to be received by the affiliates will equal the net disbursements to be made by the affiliates.
(iv) Only two foreign exchange transactions are necessary since the affiliates' net receipts will always be equal to zero.
(v) Only two foreign exchange transactions are necessary since the affiliates' net disbursements will always be equal to zero.

• A)(i)and (ii)
• B)(i),(ii),and (iii)
• C)(i),(ii),(iii),and (iv)
• D)(i),(ii),(iii),and (v)

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Definitions:

Taft-Hartley Act

Federal legislation designed to curtail some of the powers that unions had acquired under the Wagner Act; designates certain union actions as unfair. Also called Labor-Management Relations Act.

Wagner Act

The first major piece of federal legislation adopted explicitly to encourage the formation of labor unions and provide for collective bargaining between employers and unions as a means of obtaining the peaceful settlement of labor disputes.

Sex Discrimination

Unfair treatment of people because of their sex or gender; includes both direct discrimination and practices that have a disproportionate impact on members of one sex.

Gender

A category that refers to the social and cultural distinctions associated with being male, female, or non-binary.