An Agreement by One Country to Limit the Volume of Exports

question 63

Multiple Choice

An agreement by one country to limit the volume of exports to another country is known as a(n)

• A) quota.
• B) tariff.
• C) voluntary quota.
• D) import subsidy.
• E) export subsidy.

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Definitions:

Par Value

The nominal dollar amount assigned to a security by the issuer.

Semiannual Interest

Interest that is calculated and paid twice a year, often associated with bonds or loans.

Selling Price

The amount of money charged for a product or service, determined by various factors including cost, demand, and market conditions.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares, at the holder's discretion, typically at certain times during their life.