A(n) ________ tariff is levied on an imported product and calculated partly as a percentage of its stated price and partly as a specific fee for each unit.
A) specific
B) compound
C) ad valorem
D) transit
Question 2
Which of the following statements is true of the global financial system?
A) It consists of the institutional frameworks, rules, and procedures that govern how national currencies are exchanged for one another.
B) It includes key players such as finance ministries and national stock exchanges but excludes commercial banks and central banks.
C) It is built on the activities of firms, banks, and financial institutions engaged in ongoing international financial activity.
D) Since the 1960s, the volume and structure of the global financial system has been reducing.
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