(A) purchase agreement
(B) cash and carry
(C) supply and demand
(D) ** lend-lease act
EXPLANATIONS BELOW
Concept note-1: -Passed on March 11, 1941, this act set up a system that would allow the United States to lend or lease war supplies to any nation deemed “vital to the defense of the United States."
Concept note-2: -Lend-Lease effectively ended the United States’ pretense of neutrality which had been enshrined in the Neutrality Acts of the 1930s. It was a decisive step away from non-interventionist policy and toward open support for the Allies.
Concept note-3: -The Lend-Lease Act, approved by Congress in March 1941, had given President Roosevelt virtually unlimited authority to direct material aid such as ammunition, tanks, airplanes, trucks, and food to the war effort in Europe without violating the nation’s official position of neutrality.
Concept note-4: -The legislation reduces red tape on exports of defense equipment from the USA to Ukraine, in order to ensure that the equipment is delivered promptly. It is applicable to fiscal years 2022 and 2023.