An Import Quota Is a Limit on the

question 374

Multiple Choice

An import quota is a limit on the

• A) number of foreign workers allowed to work in a country.
• B) number of container ships allowed to enter the territorial waters of the United States.
• C) value of low-priced foreign goods that are allowed to be imported into the United States.
• D) amount of a product that may be imported.

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Definitions:

Cash Disbursement Transactions

Financial activities involving the payment of cash from a business to vendors, employees, or other entities.

Authorized

Refers to having official permission or approval, often in the context of legal or financial operations that have been ratified or sanctioned by a governing body or higher authority.

Bank Service Charge

Fees charged by a bank for the maintenance of an account and for providing various banking services.