When a US Importer Buys 100,000 Pairs of Pants from a Hong

question 155

Multiple Choice

When a U.S. importer buys 100,000 pairs of pants from a Hong Kong company, this transaction will represent a

• A) credit on the current account of the U.S. balance of payments.
• B) debit on the current account of the U.S. balance of payments.
• C) credit on the financial account of the U.S. balance of payments.
• D) debit on the financial account of the U.S. balance of payments.

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Definitions:

First Amendment

An amendment to the United States Constitution that guarantees freedoms concerning religion, expression, assembly, and the right to petition.

Preliminary Hearing

A pretrial proceeding where a judge determines whether there is enough evidence to require a trial on the charges against a defendant.

Beyond A Reasonable Doubt

The standard of evidence required to convict a person in a criminal trial, indicating that there is no logical explanation other than the defendant's guilt.

Fifth Amendment

an amendment to the U.S. Constitution that provides several protections to individuals, including the right against self-incrimination and double jeopardy.