The Account That Shows International Transactions Involving Currently Produced Goods

question 47

Multiple Choice

The account that shows international transactions involving currently produced goods and services is called the

• A) trade balance.
• B) current account.
• C) balance of payments.
• D) capital account.

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Definitions:

Established Standards

Accepted levels of quality or achievement, often used as benchmarks for comparison or compliance.

Reliable

The consistency of a measure or test over time, ensuring that it produces stable and consistent results.

Psychological Test

A standardized measure of a sample of a person's behavior or mental processes, often used to assess aspects of personality, intelligence, or specific abilities.

Established Standards

Officially recognized criteria or benchmarks that are widely accepted and used for comparison or judgment.