The Difference Between the Payments and Receipts from International Transactions

question 96

Multiple Choice

The difference between the payments and receipts from international transactions in goods and services (plus net foreign-investment income) is represented in the

• A)official financing account.
• B)trade balance.
• C)capital service account.
• D)current account balance.
• E)merchandise account.

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Definitions:

Repetitive Process

A product-oriented production process that uses modules.

Assembly Line

A production process that breaks down the manufacture of a good into steps that are completed in a pre-defined sequence, enhancing efficiency through specialization and mechanization.