The Test Applied by an Appellate Court to a Trial

question 15

Multiple Choice

The test applied by an appellate court to a trial judge's rulings on questions of law is

• A) "clearly erroneous."
• B) "substitution of judgment."
• C) "substantial evidence."
• D) "reasonable doubt."

---

Definitions:

Reserve Currency

A foreign currency held in large quantities by governments and institutions as part of their foreign exchange reserves.

Foreign Investment

Capital investment made by individuals or entities based in one country into businesses or assets in another country.

Current Account Balance

A measure of a country’s international trade in goods, services, and direct transfers, representing the difference between its exports and imports.

Current Account Deficit

A measure that shows when a country's total imports of goods, services, and transfers are greater than its total exports. It indicates the country is spending more on foreign trade than it is earning.