The Direct Loan Program Is Administered by The

question 43

Multiple Choice

The Direct Loan Program is administered by the:

• A) Private Export Funding Corporation (PEFCO).
• B) Overseas Private Investment Corporation (OPIC).
• C) Ex-Imbank.
• D) Foreign Credit Insurance Association (FCIA).

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Definitions:

Canadian GAAP

Canadian GAAP refers to Generally Accepted Accounting Principles in Canada, which consist of guidelines and standards for financial reporting practices in Canada.

Private Enterprises

Businesses that are owned by private individuals or groups and not publicly traded on a stock exchange, often subject to different regulatory and reporting requirements than public companies.

Disclosed Basis of Accounting

The accounting principles and policies a company openly reports in its financial statements.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the U.S.