The Primary Source of Purchasing Power Used to Buy Imported

question 42

Multiple Choice

The primary source of purchasing power used to buy imported goods is

• A) the monetary sector.
• B) the balance of payments deficit.
• C) the exports of a nation.
• D) taxation and other revenue-generating activities.

---

Definitions:

Budgeted Income Statement

A financial projection that estimates a company's revenue and expenses over a specific future period, predicting net income or loss.

Budgeted Balance Sheet

A financial statement projecting the future financial position of a company, based on expected assets, liabilities, and equity.

Continuous Budget

A 12-month budget that rolls forward one month as the current month is completed.

Rolls Forward

A process in accounting or financial planning where data or balances are brought forward from a previous period to the current one.