Flexible Credit Line (FCL)refers To

question 46

Multiple Choice

Flexible Credit Line (FCL) refers to:

• A)a system in which currencies float against one another with governments intervening only to stabilize their currencies at set target exchange rates.
• B)a negotiable certificate issued by a U.S.bank representing a specified number of shares (or one share)in a foreign stock that is traded on a U.S.exchange.
• C)a fast-disbursing loan facility with low conditionality aimed at reassuring investors by injecting liquidity.
• D)an international monetary reserve asset issued by the IMF.
• E)the main currency that many countries and institutions hold as part of their foreign exchange reserves.

Comprehend the nature-nurture debate in human development.

Appreciate the impact of environmental factors on development.

Grasp the concept of replication in the science of human development.

Understand the influence of genetic factors on human development.

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Definitions:

Pre-Tax Profit

The profit earned by a business before any tax is deducted.

Intercompany Sales

Transactions of goods or services between divisions or subsidiaries within the same parent company.

Gross Margin

The difference between revenue and cost of goods sold, expressed as a percentage of revenue.

Non-Controlling Interest

The portion of equity in a subsidiary not attributable directly or indirectly to the parent company, also known as minority interest.