Fidel Castro's Policy of __________ Raised Concerns in the United

question 24

Multiple Choice

Fidel Castro's policy of __________ raised concerns in the United States resulting in severed diplomatic relations with Cuba in 1960.

• A)agricultural production
• B)Communism
• C)nationalizing businesses and property
• D)gambling
• E)a prohibition of US goods

---

Definitions:

Financial Statements

Official records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Spot Rate

The current price in the foreign exchange market at which a currency can be bought or sold for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency or commodity to be delivered and paid for at a future date.

Loan Payable

A liability account on the balance sheet representing the amount of borrowed funds that a company must repay to creditors.