Official Reserves Used to Achieve a Balance of Payments Between

question 89

Multiple Choice

Official reserves used to achieve a balance of payments between nations engaging in international trade are held by:

• A) Private businesses engaging in trade
• B) Central banks of the nations engaged in trade
• C) Commercial banks which make loans to businesses engaging in trade
• D) Commercial banks which make loans to governments which engage in trade

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Definitions:

Madrid Protocol

An international treaty that provides a centralized system for obtaining a bundle of trademark registrations in different jurisdictions with a single application.

Berne Convention

An international agreement governing copyright protection, allowing creators to have their works protected in many countries.

Statutory Damages

Predetermined sums of money that a person found liable for a violation must pay as punishment, set forth in statutes for certain types of legal infringements.

Copyright Infringement

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