The Largest Single Component of the United States Current Account

question 33

Multiple Choice

The largest single component of the United States current account is:

• A) current transfers.
• B) income payments and receipts.
• C) goods (merchandise) imports and exports.
• D) services imports and exports.

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Definitions:

Reasonableness

A standard of fairness, appropriateness, and rationality often used in legal and ethical judgments.

Goodwill

An intangible asset reflecting the value of a company's brand, customer relations, employee morale, and other non-physical assets.

Enforce

To compel observance of or obedience to a law, rule, or obligation.

Negotiated Clause

A provision in a contract that has been specifically discussed and agreed upon by all parties involved.