If the Merchandise Trade Balance Is -$15, Net International Transfer

question 231

Multiple Choice

If the merchandise trade balance is -$15, net international transfer payments and net international factor income are $4, the balance of payments on goods and services is -$25, and the balance of payments on the financial account is $18, then the statistical discrepancy in the financial account is:

• A) $15.
• B) $3.
• C) -$3.
• D) -$1.

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Definitions:

Required Supplementary Information

Information that supplements the basic financial statements in an audit, providing additional insights or disclosures that are not part of the primary financial statements.

MD&A

Management's Discussion and Analysis, a section of a company's financial report where management discusses the financial and operational aspects of the company.

Financial Activities

Transactions involving changes in equity, debt, and investments that affect a company's cash flow.

Objective Analysis

A method of evaluation or research that is based on fact and is not influenced by personal feelings or opinions.