During 1990-2003, as a Percentage of Total Resources Flowed to Developing

question 4

Multiple Choice

During 1990-2003, as a percentage of total resources flowed to developing countries, the share of official flows

• A)remained relatively constant.
• B)increased by a relatively small percentage.
• C)increased by a relatively large percentage.
• D) decreased by a relatively small percentage.
• E) decreased by a relatively large percentage.

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Definitions:

Money Market Instrument

Short-term financial instruments that are highly liquid and considered safe, such as treasury bills and certificates of deposit.

Preferred Stock

A class of ownership in a corporation with a fixed dividend, senior to common stock but junior to bonds in claim on assets and earnings.

Commercial Paper

Short-term unsecured promissory notes issued by companies to finance their short-term liabilities.

Bank Discount Yield

A measure of the annualized yield on a short-term, non-interest bearing security like a Treasury bill, calculated using the discount from face value and the time to maturity.