Enforcing Contracts That Cross International Borders Is

question 14

Multiple Choice

Enforcing contracts that cross international borders is

• A)simply a matter of applying the local law to the contract.
• B)quite complicated and governed in most nations by the CISG.
• C)secondary to who has possession of the goods,regardless of title.
• D)nearly impossible,so negotiation is important.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy.

Term

A fixed or limited period for which something, e.g., office, investment, or a condition, lasts or is intended to last.

Reserve Ratio

The fraction of deposits a bank must hold in reserve and not lend out, as dictated by central banking regulations.

Monetary Multiplier

A mechanism that describes the increase in aggregate production and income that results from an injection of spending.