The Record of Transactions Between the United States and Its

question 41

Multiple Choice

The record of transactions between the United States and its trading partners in the rest of the world over a particular period of time is called the

• A)balance of goods and services.
• B)balance of capital account.
• C)balance of current account.
• D)balance of payments.

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Definitions:

Hierarchy

A structure or entity where participants or factions are arranged in sequential order of superiority or command.

Basic Hierarchy

A foundational arrangement or system where entities are ranked or ordered one above the other according to some criterion or authority.

Self-actualization

The act of achieving one's full potential and talents, recognized as an innate motivation or requirement in every individual.

Hierarchy

An arrangement or institution where individuals or sectors are hierarchically positioned above each other based on their level of power or prestige.