If the United States Is a Net Borrower From, or Lender

question 88

Multiple Choice

If the United States is a net borrower from, or lender to, the rest of the world, this is best indicated by the U.S.

• A) balance-of-payments position.
• B) current account balance.
• C) merchandise trade balance.
• D) net export balance.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability protection and the ability to raise capital through issuing shares.

Partnership

A legally recognized arrangement in which two or more persons co-manage a business and distribute its profits among themselves.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Bankruptcy

A legal status of a person or entity that cannot repay debts to creditors and seeks relief through court proceedings.