Assume That Tom Sells a Crate of Florida Oranges to a Retailer

question 261

Multiple Choice

Assume that Tom sells a crate of Florida oranges to a retailer in Canada and Susan sells a U.S. bond to a customer in Britain. Which statement illustrates the difference and/or similarity between these two transactions?

• A) Only Tom will actually receive U.S. dollars as a result of this transaction.
• B) The sale of the bond generates a liability, while the sale of the oranges does not.
• C) Both sales generate an asset for the United States.
• D) Both sales generate a liability for the United States.

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Definitions:

Parasympathetic Nervous

Part of the autonomic nervous system that restores the body to a state of calm and counterbalances the effects of the sympathetic nervous system.

Sympathetic Nervous

Part of the autonomic nervous system that prepares the body for action by triggering the fight-or-flight response.

Nervous System

An assembly of nerve cells and their fibrous connections that facilitate the transmission of nerve impulses among body regions, synchronizing bodily processes and perception.

Cerebral Cortex

The outer layer of the cerebrum in the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.