Agents and Brokers Are Two Types of Primary Channel Institutions

question 41

True/False

Agents and brokers are two types of primary channel institutions.

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Definitions:

Current Account

The section of a country's balance of payments that records the value of exports and imports of goods and services, net earnings on overseas investments, and net transfer payments.

Money Inflow

The total amount of money entering an economy, business, or individual's account from various sources.

Trade Deficit

A situation that occurs when a country's imports of goods and services exceed its exports.