A Civil Wrong Committed by One Person Against Another Which

question 18

Multiple Choice

A civil wrong committed by one person against another which entitles a person to compensation is called ____________.

• A) misdemeanor
• B) tort
• C) violation
• D) mala prohibita act

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Definitions:

Balance Of Payments Surpluses

A situation where the total amount of money coming into a country from abroad exceeds the total amount of money leaving the country.

Account Surpluses

Refers to the positive balance of the funds in an account, or situations where revenues exceed the expenditures in fiscal accounts.

Trade Deficit

A situation where a country imports more goods and services than it exports.

Exchange Rate

The price of one currency in terms of another for conversion purposes.