The Following Table Shows the Balance of Payments Statement of Canada

question 32

Multiple Choice

The following table shows the balance of payments statement of Canada for 2014.All the figures are in billions of dollars. Refer to the above information.In 2014, Canada's balance of services was:

• A)$3 billion.
• B)-$9 billion.
• C)$15 billion.
• D)-$6 billion.

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Definitions:

Water Transportation

A method of transporting goods and people using waterways, including oceans, rivers, lakes, and canals, utilizing various types of vessels.

Road Transportation

The movement of goods and people from one place to another over roads, using vehicles such as cars, trucks, and buses.

War of 1812

The War of 1812 was a military conflict fought between the United States and the British Empire, primarily over maritime rights and territorial expansion, strengthening U.S. nationalism and leading to a period of peaceful relations.

Old Northwest

A historical term referring to the territory north of the Ohio River and east of the Mississippi River that was the frontier of the United States in the late 18th and early 19th centuries.