The Difference Between Money Coming into a Country (From Exports)and

question 115

Multiple Choice

The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism,foreign aid,and military expenditures is referred to as the:

• A)balance of payments.
• B)balance of trade.
• C)balance of money flows.
• D)exchange rate.

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Definitions:

Inventory Turnover

Inventory turnover is a measure of how frequently a company sells and replaces its stock of goods within a certain period, indicating the efficiency of inventory management.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory, which includes both raw materials and finished goods.

Days' Sales

A financial metric that estimates the average time it takes for a company to collect cash from its customers after a sale has been made, often related to inventory turnover.

Receivables

Financial assets representing money owed to an entity by others for goods delivered or services provided on credit.