Which of the Following Is an Item in the Current

question 17

Multiple Choice

Which of the following is an item in the current account balance of the United States?

• A) the purchase of a U.S. company by a foreign company
• B) the purchase of stock in a foreign corporation by a U.S. company
• C) the purchase of insurance in the United States by a foreign company
• D) the purchase of a United States Treasury bond by a wealthy foreigner

---

Definitions:

Total Utility

The complete satisfaction or utility gained by consuming a certain amount or number of goods or services.

Beers

An alcoholic beverage typically made from water, malted barley, hops, and yeast.

Day

A period of 24 hours as a unit of time, representing the time taken by the Earth to complete one rotation with respect to the sun.

Utility

Refers to the total satisfaction received from consuming a good or service.