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Problem 1: A group of countries that have a common trade policy and free movement of labour and capital is called a ________.
Select one:
a. Federal State
b. Customs Union
c. Preferential Trading Arrangement
d. Common Market
e. Free Trade Area
Problem 2: The European Union is an example of
a. Free trade area
b. Customs union.
c. Common market.
d. Economic union.
e. All of the above.
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If bond interest expense is $800,000, bond interest payable decreased by $8,000 and bond discount decreased by $2,000, cash paid for bond interest is
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