Which One of the Following "Balances" in a Balance-Of-Payments Account

question 2

Multiple Choice

Which one of the following "balances" in a balance-of-payments account has incorporated all private short-term asset changes before arriving at the measure of "balance?"

• A) merchandise trade balance
• B) balance on current account
• C) balance on goods and services
• D) official reserve transactions balance

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Definitions:

Necessity-based Entrepreneurship

Entrepreneurial activities that are initiated as a result of a lack of viable employment options, leading individuals to start their own business to sustain themselves.

Quest for New Opportunities

The proactive and continuous search for new avenues for growth, improvement, or competitive advantage.

Absolute Need

An absolute need refers to a requirement that is essential for survival or to maintain a certain quality of life, without which a significant detriment occurs.

Growing Too Fast

A scenario where a business expands at a rate that may be unsustainable, leading to potential operational, financial, or quality control problems.