The Net of Transfer Payments Going Overseas and Inflows from Abroad

question 28

Multiple Choice

The net of transfer payments going overseas and inflows from abroad is called the _____.

• A) services balance
• B) income balance
• C) trade balance
• D) balance of transfers
• E) financial account

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Definitions:

Body Buffer Zone

The personal space around an individual that they prefer not to be invaded by others, varying in size depending on social and cultural norms.

Illustrator

A visual artist who specializes in creating drawings, pictures, or diagrams that complement or elucidate text or concepts.

Regulator

A mechanism or authority that controls, governs, or manages the operation or behavior of a system, market, or activity to ensure compliance with standards or laws.

Emblem

A symbolic object or a design that represents an organization, nation, or a conceptual idea.