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A Free Trade Area Is a Region in Which There

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True/False

A free trade area is a region in which there are no tariffs or taxes on imports and exports.


Definitions:

Revenue

Income that a business receives from its normal business activities.

Recorded

The action of documenting financial transactions in accounting records to keep an accurate and organized track of a company's financial activities and position.

Cash Received

The total amount of money, including cash, checks, and electronic transfers, that is received by a business during a specified period.

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