ABC International can borrow $4,000,000 at LIBOR plus a lending margin of 0.65 percent per annum on a three-month rollover basis

Response: A) nontariff trade barrier

Clarification:

A non-tariff trade barrier, as the name suggests, represents regulations beyond tariff imposition, intended to protect domestic businesses by limiting the import of foreign goods within that country.

Examples of such restrictions include, but are not exclusive to,

• Quotas,

• Levies,

• Embargoes, and

• Sanctions etc