Capital Flight from DVCs (Developing Countries)tends to Offset Much of the Foreign

question 27

True/False

Capital flight from DVCs (developing countries)tends to offset much of the foreign loans and aid that they receive from IACs (industrially advanced countries).

---

Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to assess if a company's stock is under- or overvalued.

Note Payable

An obligation in writing that promises to pay a specified sum of money at a determined future date or on demand.

Capital Balances

The amount of money that owners have invested in a company plus any retained earnings or losses.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.