A Nation Is Called a Creditor If

question 52

Multiple Choice

A nation is called a creditor if:

• A)it provided financial assets to other countries.
• B)its net stock of foreign assets is positive.
• C)its current account is in surplus during a time period.
• D)its current account is in deficit during a time period.

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Definitions:

Lifecycle Costs

The total cost of owning or operating a product, system, or facility over its entire life, including acquisition, operating, and disposal costs.

Purchase/Acquisition Cost

The total expense incurred in obtaining a good or service, including the purchase price and associated costs.

E-procurement

The use of electronic methods, typically through internet-based applications, to conduct transactions and purchase goods and services.

Procuring Supplies

The process of obtaining materials, goods, and services needed for operations, production, or resale.