Under which of the following conditions, a member nation can apply restrictions on international transfers and payments for current transactions even though they are typically forbidden by GATS?
A. The member nation is in transition to a market economy.
B. The member nation wants to grant monopoly rights to a service supplier.
C. The member nation wishes to not adopt the guidelines of the Council on Trade in Services.
D. The member nation has been granted MFN status by another country.
A
You might also like to view...
With regard to the taxation of life insurance policies, which of the following statements is CORRECT?
A) Amy owns a participating life insurance policy on her own life. She can deduct the premium payments, but she will be taxed on any dividends the policy may pay. B) Donita has taken a policy loan to use as collateral for a loan. The amount of the loan is taxable. C) Terry owns a 10-year-old whole life insurance policy, which she surrenders for cash. She will be taxed on the full amount she receives, since the policy did not mature. D) As long as a whole life policy is not surrendered, the cash value accumulates tax deferred.
The effective rate does not take compounding into effect
Indicate whether the statement is true or false