Consider Canada's Balance of Payments

question 107

Multiple Choice

Consider Canada's balance of payments.When a grocery importer in Sweden buys Quebec maple syrup,this transaction

• A)appears as a debit item on the Canadian current account.
• B)appears as a credit item on the Swedish current account.
• C)appears as a credit item on the Canadian capital account.
• D)appears as a debit item on the Swedish current account.
• E)appears as a debit item on the Canadian capital account.

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Definitions:

Black Panther

A member of the Black Panther Party, a revolutionary black nationalist and socialist organization active in the United States from 1966 until 1982.

Opportunity Cost

Passing up on potential profits from a range of choices when one selection is made.

Decision-making Process

A series of steps taken by an individual or organization to determine the best action to achieve a particular goal.

Efficient Markets

Financial markets where prices fully reflect all available information.