The Net Balance on the Balance of Payments Accounts

question 61

Multiple Choice

The net balance on the balance of payments accounts:

• A) always shows a surplus.
• B) always shows a deficit.
• C) is always zero.
• D) is either positive or negative.
• E) is arrived at without considering omissions and errors in transactions.

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Definitions:

Fiduciary Duties

Obligations that require individuals in certain positions of trust to act in the best interest of another party.

Insurance Agent

A professional licensed to sell and advise on insurance policies and products on behalf of insurance companies.

Applicant for Insurance

An individual or entity applying for coverage under an insurance policy.

Independent Contractor

An individual who provides services to another entity under terms specified in a contract or agreement, without being legally considered an employee.