Debt-For-Nature Swaps Are Most Generally

question 6

Multiple Choice

Debt-for-nature swaps are most generally

• A)beneficial only to the developing country.
• B)beneficial only to the developed country.
• C)beneficial only to the bank which can write off the debt.
• D)beneficial to all countries.

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Definitions:

FICA-OASDI

The Federal Insurance Contributions Act component for Old-Age, Survivors, and Disability Insurance, a payroll tax paid by employers and employees to fund Social Security.

FUTA

The Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on any business with employees for the purpose of funding state workforce agencies.

SUTA

State Unemployment Tax Act, which mandates employers to pay state unemployment taxes.

Temporary

Pertaining to an employee, position, or status that is intended for a limited time period, often with an end date in mind.