Question

The finance minister of a developing country demands a heavy payment for the approval of a multi-million dollar contract with a foreign company. this demand for the lump sum payment is called _____.

Answer 1

Answer:

Extortion

Explanation:

Extortion is the act of threatening or forcing another party to give you something, most of the time money.

In this case the minister in the developing country is demanding for payment before giving approval for the multi-million dollar contract.

The threat the minister is using against the company is to not approve Thier contract.