Which of the following describes the Export-Import (Ex-Im) Bank?
a) It is an international financial institution formed to help developing nations.
b) It is a wholly owned corporation of the U.S. government and promotes international trade.
c) It is an international financial institution that provides capital loans.
d) It focuses on policies that have an impact on the exchange rate and the balance of payments.
Ans: b) It is a wholly owned corporation of the U.S. government and promotes international trade.
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Which of the following is NOT likely to consider in an outdoor plan?
A) provision for network buying options B) factoring in the law of supply-and-demand C) conflicts of interest with local outdoor companies D) reservation of space at least four months in advance E) specification of precise, measurable objectives
Which of the following statements is true regarding the current ratio?
a. FIFO inventory can cause major problems with the current ratio because of the understatement of inventory. b. Since the mid-1960s, the typical firm has successfully maintained a current ratio of 2.00 or better. c. Focus is on the relationship between current assets and current liabilities. d. Focus is on the relationship between total assets and total liabilities.