Credit Rating Agencies Must Use XBRL for Reporting All Ratings

question 55

True/False

Credit rating agencies must use XBRL for reporting all ratings beginning in August 2020.

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Definitions:

Tariffs

Taxes imposed on imported goods and services, which are typically used by governments to regulate trade and protect domestic industries.

Agricultural Imports

Refers to the purchase of food, crops, and other agricultural products from foreign countries to meet domestic demand or supply shortages.

Price Supports

Government interventions in markets to maintain the price of a commodity or product above market levels through subsidies or purchases.

Agriculture

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.