A Release Does Not Require Consideration to Be Legally Binding

question 55

True/False

A release does not require consideration to be legally binding.​

Describe how trade flows and patterns are determined in a free trade environment.

Explain the impact of historical trade policies on imports and exports.

Analyze the role of exchange rates in trade balance and how they affect trade surplus or deficit.

Evaluate the principles guiding the international trade according to comparative and absolute advantage theories.

---

Definitions:

Increase Risk

The action or process of raising the level of danger or the chance of loss in a financial investment or business venture.

Expected Rate

The predicted interest rate or return for an investment over a specific period.

Diversification Effects

The reduction in risk achieved by investing in a variety of assets, thus minimizing the impact of poor performance from any single asset.

Portfolio A

A specific collection of financial assets such as stocks, bonds, cash equivalents, and their mutual funds, owned by an individual or an institutional investor.