When Net Unilateral Transfers Are Added to the Net Exports

question 193

Multiple Choice

When net unilateral transfers are added to the net exports of goods and services, the result is called the

• A)merchandise trade balance
• B)official reserve transactions account
• C)balance of payments
• D)balance on capital account
• E)balance on current account

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Definitions:

Implication

A conclusion that can be drawn from something, although it is not explicitly stated.

Prescription

Legal acquisition of rights through the continuous and habitual exercise of those rights over a lengthy period.

Reservation

The act of keeping something, such as a right or property, specifically withheld or protected from being given up or used.

Lien

A legal right or interest that a lender has in the borrower’s property, granted until a debt owed by the borrower is paid off.