A Stable Macroeconomic Environment and Reliable Financial Institutions Help Developing

question 144

True/False

A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.

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Definitions:

Bound in Contract

A legal state or condition wherein parties are legally obligated to fulfill the terms and conditions stipulated in a contract.

Non Est Factum

A legal defense in contract law where a person claims that a signature on a contract was signed by mistake, without understanding its nature.

Functionally Illiterate

Describes an individual whose reading and writing skills are inadequate to manage daily living and employment tasks that require literacy.

Duress

The threat of injury or imprisonment for the purpose of requiring another to enter into a contract or carry out some act.