The Trade Between Countries Is Recorded in Accounts Called the Balance

question 10

Multiple Choice

The trade between countries is recorded in accounts called the balance of

• A) payments accounts.
• B) Australian official trade accounts.
• C) export and import accounts.
• D) currency accounts.
• E) international trade accounts.

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Definitions:

Logarithms

The inverse operation to exponentiation, indicating the power to which a base number must be raised to obtain another number.

Approximate

To approximate means to find a value or answer that is close to the exact one, but not exactly it, often used when an exact solution is not necessary or possible.

Function

A pairing between a selection of inputs and a conglomeration of permissible outputs, where the rule is that each input is directly linked to a unique output.

Logarithm

This refers to the exponent that indicates the power to which a base number is raised to obtain a specific number. It's an inverse operation to exponentiation in mathematics.