Which of the Following Is Not True of the Statistical

question 72

Multiple Choice

Which of the following is not true of the statistical discrepancy in thebalance of payments?

• A)It is residual.
• B)It is a measure of net error in the balance of payments data.
• C)It is necessary because some transactions go unreported.
• D)An excess of credits in all other accounts must be offset by equivalent debits in the statistical discrepancy
• Account.
• E)A difference between credits and debits is taken care of by changes in the official reserve transaction
• Account.

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Definitions:

Service Departments

Units within an organization that support other departments but do not directly contribute to revenue generation, such as human resources or IT services.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Split-off

A point in the production process in a joint production system where two or more products become individually identifiable and their costs can be separately allocated.

Production Work

The tasks and activities involved in manufacturing products, including assembly and processing materials.