The US Balance of Payments for 2017 Shows ________

question 3

Multiple Choice

The U.S. balance of payments for 2017 shows ________.

• A) that automobiles and auto parts were the largest component of U.S. merchandise exports
• B) the leading import for the United States was automobiles and parts
• C) the United States had a negative balance on services trade
• D) the U.S. exports more goods to its major trading partners than it imports

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Definitions:

Earnings Per Share

A financial metric calculating the portion of a company's profit allocated to each outstanding share of common stock.

Preferred Stock Dividends

Payments made to preferred shareholders, typically fixed, that take priority over common stock dividends.

Cumulative Preferred Stock

A type of preferred stock where dividends must be paid, including any arrears, before any dividends can be distributed to common shareholders.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends, used for reinvestment in the business or to pay off debt.