Checks That Have Been Processed by the Bank and Are

question 89

Multiple Choice

Checks that have been processed by the bank and are no longer negotiable are:

• A)outstanding checks.
• B)canceled checks.
• C)checks in process.
• D)deposits in transit.

---

Definitions:

Price Level

represents the average of current prices across the entire spectrum of goods and services produced in the economy.

Net Capital Outflows

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners; indicating the amount of money leaving a country to invest abroad minus the amount coming in.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Foreign Assets

Assets such as stocks, bonds, real estate, or businesses that are located in countries outside the investor's home country.