Concerning the U

question 84

Multiple Choice

Concerning the U.S.balance of payments statement,throughout the past 30 years

• A) the current account balance and the capital account balance have moved in the opposite direction
• B) the current account balance and the capital account balance have moved in the same direction
• C) the official reserve assets of the U.S.government have shrunk to zero
• D) the official reserve assets of the U.S.government have increased in infinite amounts

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Definitions:

Ordinary Interest

Interest calculated based on a 360-day year, often used in banking for loans and savings accounts.

Exact Interest

Interest calculated based on a 365-day year, providing a precise interest calculation.

Ordinary Interest

Interest calculated on the basis of a 360-day year, often used in banking for loans and savings.

360-Day Year

A financial approximation that simplifies the calculation of interest by assuming each month has 30 days, resulting in a 360-day year.