Which of the Following Would Be Included in the U

question 314

Multiple Choice

Which of the following would be included in the U.S. current account?

• A) public purchases and sales of financial assets
• B) trade balance
• C) financial account balance
• D) private purchases and sales of financial assets

---

Definitions:

Period Costs

Expenses that are not directly tied to the production of goods or services and are instead incurred over a specific time period, such as administrative and selling expenses.

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various media channels.

Individual Sales

Transactions that target single customers rather than large orders or sales to businesses, focusing on personalized experiences or customization.

Financial Reporting

Financial reporting involves the disclosure of financial results and related information to management and external stakeholders, such as investors or regulators.