​The Primary Source of Money, Both Cash and Credit, Flowing

question 58

True/False

​The primary source of money, both cash and credit, flowing into the business from its customers for goods sold or services rendered over a period of time is called revenues.

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Definitions:

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.

Foreign Trade Sector

The segment of an economy's market dealing with the exchange of goods and services across international borders.

Trade Deficit

A condition where a nation's incoming goods and services are greater than what it sends out.

Domestic Goods Output

The total quantity of goods and services produced within a country's borders, reflecting its domestic economic activity.