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:

Permanently Injures

Causes lasting physical or mental damage to a person, affecting their abilities or quality of life indefinitely.

Joint Tenants

A form of property co-ownership where two or more parties hold equal shares, and upon the death of one, the surviving joint tenant(s) automatically receive the deceased's share.

Heirs

Individuals legally entitled to receive property from a deceased person's estate under a will or through intestacy.

Beneficiaries

Individuals or entities entitled to receive benefits or funds under a will, trust, insurance policy, or other financial arrangement.