QUESTION 36 Which of the following is not a characterization of a depression? O

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QUESTION 36 Which of the following is not a characterization of a depression? O a-General lack of confidence in the economy by members of the population O b two or more consecutive three-month periods of GDP decline O c. General decrease in business activity O d. Lower stock values O e- High unemployment rates QUESTION 37 Janet hires an export merchant to help expand her business internationally, After signing contracts with terms of sale and delivery, the exporter will send Janet's merchandise when O a- the ultimate consumer sends a bill of lading to the exporter's bank. b. Janet receives a bill of lading O c. Janet's bank receives a lettr of credit from the importer's bank dits bank roceivs d trom be imponer's bank e it receives a letter of credit from Janet's bank Click Save and Submit to save and submit. Click Saue All Annwers to save all answers FS FI 4

Explanation / Answer

1. 3. General decrease in business activity is not a chracterization of depression in the economy . there are several characteristics of depression in economy like panic, increase in unemployment, value od stock decreases , fall in gdp and national income etc.

2. janet bank rescives a letter of credit from the importer bank, only then exporter will sent janet merchandise.

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