In the Balance of Payments,the Statistical Discrepancy Is Used To

question 62

Multiple Choice

In the balance of payments,the statistical discrepancy is used to:

• A) Ensure that the sum of all debits matches the sum of all credits
• B) Ensure that trade imports equal the value of trade exports
• C) Obtain an accurate account of a balance-of-payments deficit
• D) Obtain an accurate account of a balance-of-payments surplus

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Definitions:

Feasibility Screening

The initial evaluation process to determine the viability of a project or idea, based on criteria such as cost, time, and potential for success.

Organisational Change

Refers to the process through which a company or organization goes through a transition to achieve a desired state, often involving a shift in operations, structure, or strategy.

Creativity

The ability to generate novel and valuable ideas or solutions to problems.

Innovation

The process of creating new ideas, products, or methods, or the improvement of existing ones, which significantly affect markets or societies.