What determines a country's borrowing power from the IMF?

When the political will for stringent command rules is absent, _____ regulation is used.

a) command-and-control b) voluntary c) market incentive d) required disclosure

The PMI, Inc. processes an estimated 200,000 checks per year from its customers. Total revenue

collected by check is $40,000,000. The average float time until the funds are credited to PMI's checking account is 6 days. For an extra cost of $ .06/check, PMI's bank will install a lock-box system that will reduce float time from 6 days to 2.5 days. If PMI earns 3.5% on its checking account, how much per check will PMI make if it uses the lock-box system? A) $.005 B) $.008 C) $.006 D) $.007