An Effective Offer Requires Reasonably Definite Terms

question 72

True/False

An effective offer requires reasonably definite terms.

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Definitions:

Goods Exports

The process of exporting goods that are made within a country to different countries for the purposes of selling or trading.

Goods Imports

The purchase of physical products from other countries to bring into one's own country.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income.

Financial Account

Part of the balance of payments, it records transactions that involve the exchange of international ownership of assets.