A Debit Item in the Balance of Payments Is

question 8

Multiple Choice

A debit item in the balance of payments is:

• A)any foreign aid received by the country.
• B)an item for which the country must pay.
• C)any exported item.
• D)an item that creates a monetary claim on a foreigner.

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Definitions:

Chief Executive

The highest-ranking officer in an organization, responsible for making major corporate decisions and managing the overall operations.

Consumer Goods

Products and services that are purchased or consumed by individuals or households for personal use.

Departmentalization

The process of dividing an organization into different departments or units, each of which specializes in a specific area of operation.

Formal Teams

Groups within an organization that are officially recognized and organized with specific roles and tasks to achieve collective goals.