The Difference Between a Country's Exports and Imports Is The

question 54

Multiple Choice

The difference between a country's exports and imports is the:

• A) current account
• B) balance of payments
• C) capital account
• D) balance on trade in goods

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Definitions:

Freight Charge

The cost associated with the transportation of goods from one place to another.

Store Equipment

Fixed assets like shelves, cash registers, and display units used in the operations of a retail store.

Display Rack

A fixture in stores and exhibitions used to showcase products or materials to customers and visitors.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for sale to customers in the ordinary course of business.