Government-Provided Foreign Aid to Developing Countries Has

question 27

Multiple Choice

Government-provided foreign aid to developing countries has:

• A) averaged about 1 percent of the IACs' GDP each year.
• B) increased sharply since 1995.
• C) dwarfed the size of foreign direct investment to the DVCs in recent years.
• D) declined in the late 1990s but increased from 2000 to 2008.

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Definitions:

Automatically Perfected

Refers to a security interest that is deemed perfected without the need for any additional filing or action by the secured party.

Security Interest

A legal claim or right granted over assets as collateral to secure the payment of a debt or performance of some obligation.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale of property will take place.

Financing Statement

A document filed to give public notice to third parties of a secured party's interest in the collateral offered by a debtor.