CAFTA, NAFTA, OECD, and OPEC are all examples of

A. political organizations.
B. peace treaties.
C. international economic communities.
D. World Trade Organization members.
E. democratic organizations.


Answer: C

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The ability of an interval estimate to contain the value of the population parameter is described by the

A. confidence level. B. degrees of freedom. C. precise value of the population mean ?. D. point estimate.

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In a global trade transaction seller would ship monster cables from Port of Oakland to Bangkok, Thailand under an irrevocable letter of credit. The Thai buyer's bank issued the letter of credit with the instruction that the monster cables be placed aboard the George Mason on November 25, 2013. The loading brokers loaded the monster cables on board the ship on November 26, 2013 at 0100 hours (i.e

1 am). On the manifest the broker wrote placed on board November 25, 2013. The confirming bank refuses to pay due to the fraud. Is the confirming bank obligated to pay to beneficiary or holder of the letter of credit. Indicate whether the statement is true or false

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Bankers' concern regarding the optimal mix of excess reserves, secondary reserves, borrowings from the Fed, and borrowings from other banks to deal with deposit outflows is an example of

A) liability management. B) liquidity management. C) managing interest-rate risk. D) none of the above.

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A seller may not make repairs or adjustments after the goods have been tendered, even if that action will bring the goods into conformity in order to "cure" nonconforming goods.

Answer the following statement true (T) or false (F)

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