A multilateral contract stipulates the maximum price at which importing nations will purchase guaranteed quantities from producing nations and the minimum price at which producing nations will sell guaranteed amounts to importing nations.

Question

Quizplus · Accepted Answer

A multilateral contract as described refers to a commodity agreement or price band mechanism, not the general definition of a multilateral contract. A multilateral contract typically involves three or more parties with obligations or rights, not specifically about price guarantees for import/export quantities.

A Multilateral Contract Stipulates the Maximum Price at Which Importing