Examlex
According to the text, Singapore and Hong Kong are classified as industrially advanced countries (IACs).
December
The last month of the year according to the Gregorian calendar, which is the twelfth one.
Merchandise
Goods that are purchased in finished form for the purpose of resale without further processing.
Cash Balance
The total amount of cash in a company's accounts at any given time.
December
In the Gregorian calendar, the year concludes with its twelfth month.
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