The Following Table Shows the Trade Between Canada and Transylvania

question 129

Multiple Choice

The following table shows the trade between Canada and Transylvania for the year 2012.All figures are in billions of dollars. Refer to the information above.Canada had a merchandise trade:

• A)surplus of $137 billion.
• B)surplus of $9 billion.
• C)deficit of $9 billion.
• D)deficit of $128 billion

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Definitions:

Quick Profit

Gains realized from the rapid buying and selling of securities or other assets, aiming for short-term financial gain.

Debentures

A type of long-term debt instrument that is not secured by physical assets or collateral.

Warrants

Financial instruments that give the holder the right to purchase shares of a company at a specific price within a certain time period.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.