An Argument Can Be Made for Controls on the Outflow

question 146

True/False

An argument can be made for controls on the outflow of capital for developing countries because capital outflows force a country to revalue its currency.

---

Definitions:

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Net Credit Sales

The total value of sales made on credit minus any returns or allowances.

Allowance for Doubtful Accounts

A balance sheet account representing the estimated percentage of accounts receivable that may not be collected.

Net Credit Sales

The total value of credit sales minus returns and allowances over a specific period, indicating the true revenue generated from credit transactions.