________ Is an Example of an Export of a Service

question 114

Multiple Choice

________ is an example of an export of a service.

• A)An advertising agency in Montreal making a TV commercial for a company in France
• B)Obtaining information from a foreign database
• C)Vacations taken by Canadians in a foreign country
• D)Purchasing a smartphone made in China
• E)A Canadian tourist having a camera repaired in Egypt

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Definitions:

Total Dividends

The sum of all dividend payments made by a company to its shareholders during a specific period.

Trading Securities

Financial instruments that are purchased by a company not for long-term investment but rather for the purpose of earning a return through short-term price fluctuations.

Fair Value

An estimate of the price at which an asset or liability would be traded in a fair transaction between willing parties.

Financial Statements

Descriptions giving insight into a business's financial situation, covering the balance sheet, income statement, and cash flow statement.