The Net Value of Flows of Goods, Services, Income, and Unilateral

question 6

Multiple Choice

The net value of flows of goods, services, income, and unilateral transfers is described as the:

• A)capital account balance.
• B)current account balance.
• C)trade balance.
• D)official reserve balance.

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Definitions:

Salt

A mineral composed primarily of sodium chloride (NaCl), used in food seasoning and preservation, and industrially in chemical production.

Energy Resource

A natural or artificial source of power that can be converted into useful energy, such as fossil fuels, solar, or wind power.

Oil And Gas

Natural hydrocarbon resources extracted from the Earth, used as fuels and in the production of chemical compounds.

Coal

A combustible black or brownish-black sedimentary rock formed from ancient plant material, used as fuel.