Which of the Following Are Included in the U

question 99

Multiple Choice

Which of the following are included in the U.S. current account balance?
I. exports to Japan
II. interest payments made to Canada
III. transfer payments made to Israel

• A) I only
• B) I and III
• C) I and II
• D) I, II and III

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Definitions:

Acceptance Of Terms

The agreement to abide by the conditions of an offer or contract.

Business Assets

Resources owned by a business that have economic value and can contribute to the company's future income, including both tangible and intangible items.

Payable In Installments

An agreement or obligation that allows payment to be made in parts or increments over a specified period, instead of a lump sum.

Corporate Stocks

Shares representing ownership in a corporation, providing shareholders with a claim on part of the company's assets and profits.