Which of the Following Statements About the U

question 24

Multiple Choice

Which of the following statements about the U.S. balance of payments in 2013 is true?

• A) In the third quarter of 2013, the services account recorded a deficit of $25 million.
• B) In the third quarter of 2013, the current account showed a surplus of $174,091 million.
• C) In the third quarter of 2013, the merchandise account showed a surplus of $179,457 million.
• D) In the third quarter of 2013, the merchandise account showed a deficit of $179,457 million.
• E) In the third quarter of 2013, the services account recorded a deficit of $38,175 million.

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Definitions:

Fixed-Rate Loan

A loan where the interest rate remains constant throughout the term of the loan, providing predictability in payments.

Mortgage Broker

A professional intermediary who facilitates the process of acquiring a mortgage loan for individuals or businesses.

Maturity

Maturity, in the context of finance, refers to the date on which the final payment of a loan or financial instrument must be paid back in full.

Line of Credit

A flexible loan from a bank or financial institution that offers a maximum loan balance that can be used over time.