The United States' Current Account Deficit Reached a New High

question 99

Multiple Choice

The United States' current account deficit reached a new high in

• A) 2006.
• B) 2007.
• C) 2009.
• D) 2015.

---

Definitions:

Intangible Asset

An asset that lacks physical substance and is not financial in nature, such as patents, trademarks, and copyrights.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing non-physical assets like brand reputation and customer loyalty.

Book Value Decrease

A reduction in the book value of an asset, often due to depreciation, impairment, or disposal.

Inventory Of Minerals

An itemized catalog of mineral resources that a company has in its possession, which can include raw materials, work-in-progress, and finished goods.