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Which of the following statements is TRUE about the implication of K << 1?
Merchandise Trade Balance
The difference in value between a country's imports and exports of goods, excluding services.
Intangibles
Assets that have no physical form but possess value, such as intellectual property or brand reputation.
Financial Assets
Economic resources or investments that are paper or digital, such as stocks, bonds, and bank deposits.
Exchange Rate
The worth of one currency when converted into another.
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