Which of the Following Was a Major Factor That Led

question 75

Multiple Choice

Which of the following was a major factor that led countries such as Great Britain and the United States to finance their deficits by borrowing private money,as opposed to drawing on IMF funds since the early 1970s?

• A)The rapid development of global capital markets
• B)Shortage of IMF funds available for disbursal
• C)High interest rate charged by the IMF
• D)Abandoning of the floating exchange rate system

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Definitions:

Discount Period

The time frame between the date of the sale and the due date when a discount is available for payment of an invoice.

Merchandise Return

A process in which customers return purchased goods to the seller due to defects, dissatisfaction, or other reasons.

Sales Returns

Transactions in which customers return goods previously purchased and receive a refund or credit.

Accounts Receivable

Customers' outstanding dues to a company for previously furnished goods or services.