A(n)_____ Is a Law That Compels a Company Earning Foreign

question 160

Multiple Choice

A(n) _____ is a law that compels a company earning foreign currency from its exports to sell it to a central bank rather than sending the money out of the country.

• A) tariff
• B) quota
• C) fiscal prerequisite
• D) exchange control
• E) transfer barrier

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Definitions:

Ordinary Simple Interest

A method of calculating interest where the interest charge is computed only on the principal amount, without compounding over a specified time period.

360-Day Year

A financial convention that simplifies the calculation of interest by assuming a year has 360 days.

Retail Gift Stores

Commercial establishments focusing on selling various gift items including souvenirs, handmade crafts, and other unique products to customers.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment, based on a 360-day year.