U.S. Imports Involve An

question 152

Multiple Choice

U.S. imports involve an:

• A)outflow of dollars from the United States to foreigners.
• B)inflow of dollars from foreigners to the U.S. economy.
• C)outflow of foreign currency from the United States to foreigners.
• D)inflow of foreign currency from foreigners to the U.S. economy.

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Definitions:

Matching Principle

An accounting principle that recognizes expenses in the same period as the revenues they are related to are earned.