Which of the Following Is Not an Example of Foreign

question 76

Multiple Choice

Which of the following is not an example of foreign aid?

• A)U.S.discount stores purchasing toys from Chinese manufacturers
• B)The International Monetary Fund extending loans to countries that have trouble with their balance of payments
• C)The World Bank providing loans and grants to support health and education programs
• D)The U.S.government providing funds to build an electricity plant in Albania
• E)The Australian government providing funds to repair highways in Tonga

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Definitions:

Accord

An agreement in contract law where one party agrees to accept something different (often less) than what was initially agreed upon as satisfactory performance.

Satisfaction

The fulfilment of a requirement, obligation, or the to fulfillment of a condition stipulated in a contract.

Deviated Specifications

Instances where the actual specifications of a product or service differ from the initially agreed or standard specifications.

Contract Price

Contract price is the total financial cost agreed upon by all parties for the execution of the terms of a contract.