Which of the Following Is NOT Included in the U

question 139

Multiple Choice

Which of the following is NOT included in the U.S. current account?

• A) imports of goods and services
• B) net interest income
• C) U.S. investment abroad
• D) net transfers

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Definitions:

Truth in Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and costs.

Truth in Savings Act

A federal law designed to promote fairness and transparency in the savings account practices of banks and other financial institutions.

Farmland

Agricultural land used primarily for the purpose of growing crops and, sometimes, raising livestock.

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest of previous periods, leading to exponential growth of the amount over time.