Which of the Following Would Appear as a Credit Item

question 112

Multiple Choice

Which of the following would appear as a credit item in the trade account of the Canadian balance of payments?

• A)dividends payable to Canadians on Canadian-owned assets located in Cuba
• B)sales of Canadian steel to European importers
• C)Canadian purchases of American-made vehicles
• D)purchases by Japanese firms of shares of Canadian firms in the entertainment industry
• E)the opening of an Ottawa branch of a Swiss bank

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Definitions:

Right of Subrogation

is a legal right allowing one party to assume another's rights in order to pursue recovery from a third party responsible for a loss.

Debtor's Surety

An individual or entity that guarantees the debt of a borrower, agreeing to be responsible for the repayment if the debtor fails to settle the debt.

Lienholder

An individual or entity that holds the right to keep possession of property belonging to another person until a debt owed by that person is paid off.

State Procedure

The specific methods and processes established by a state's legal system for handling legal matters, including lawsuits, filings, and court procedures.