The _____ Is Defined as the Difference in Value of a Country's

question 48

Multiple Choice

The _____ is defined as the difference in value of a country's exports and imports over a period of time.

• A)balance of trade
• B)federal deficit
• C)federal surplus
• D)balance of exchange
• E)balance of payments

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Definitions:

Standard Deviation

A formula to assess how widespread or dispersed a series of values is.

Expected Number

A statistical term referring to the mean value predicted for a particular variable or event in a probability distribution.

Binomially Distributed

Describes the distribution of two possible outcomes in an experiment or process that is repeated multiple times.

Life Insurance

A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.