The Current Account Records _____

question 65

Multiple Choice

The current account records _____

• A) last year's flows of funds into and out of the country.
• B) the current flows of imports and exports of goods and services, net income earned by residents from foreign assets, and net transfer payments.
• C) all the foreign direct investment received by a country in a year.
• D) the purchases of financial assets, such as stocks and bonds, by the residents of a country in a year.
• E) the purchases of all real assets, such as land and housing, by the citizens of a country in a year.

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Definitions:

Corporate Form

The legal structure of a business recognized as a separate entity from its owners, providing limited liability.

Owners

Individuals or entities that legally possess property, businesses, or assets.

Sole Proprietorship

An organizational model in which a sole proprietor is in charge of the entire business, including its assets and debts.

Shares

Units of ownership interest in a corporation or financial asset that provide a proportionate claim on the company's earnings and assets.