The Current Account Balance Is Equal to

question 26

Multiple Choice

The current account balance is equal to

• A)Imports minus exports.
• B)Exports minus imports.
• C)The trade balance plus unilateral transfers.
• D)The trade balance times unilateral transfers.

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Definitions:

Maximum Life Span

The longest period that members of a species can live under ideal circumstances.

Species

Species refers to a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, categorized distinctly from other species by specific common attributes.

Morality

Guidelines that distinguish between moral and immoral actions.