The International Monetary Fund (IMF):
A) in recent years has provided large loans to Russia, South Korea, and Brazil.
B) was created as a result of the Bretton Woods Agreement.
C) aids countries with balance of payment and exchange rate problems.
D) is all of the above.
Answer: D
Business
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On January 1, Abbie Corporation issued $500,000 of 12%, 6 year bonds with interest payable semi-annually on June 30 and December 31. The bonds were issued for $530,000. Using the straight line method, on the first interest date, the debit to Interest Expense is for:
A. $27,500 B. $30,000 C. $31,800 D. $32,500
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Nondisclosure agreements bar employees from working for competitors for a period of time after their employment has ended
Indicate whether the statement is true or false
Business