Which One of the Following Would Be Recorded as a Credit

question 137

Multiple Choice

Which one of the following would be recorded as a credit in the U.S. balance of payments accounts?

• A) the purchase of an European-made car by an American
• B) the purchase of insurance from Lloyd's of London by an American business firm
• C) the purchase of an American-made computer by an European business
• D) the purchase of Japanese bonds by an American investor

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Definitions:

Confidential

Pertains to information meant to be kept secret or private between individuals or parties.

Slander

The speaking of defamatory words intended to prejudice others against an individual in a manner that jeopardizes his or her reputation or means of livelihood.

Legal Contract

A legally binding agreement between two or more parties, enforceable by law, that specifies and regulates the terms of an arrangement.

Battery

An action that causes bodily harm to another.