Which of the Following Would Be the Most Volatile Component

question 13

Multiple Choice

Which of the following would be the most volatile component of the current account in Latin America?

• A) imports of goods
• B) imports of services
• C) income on foreign assets
• D) unilateral transfers
• E) exports of goods

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Definitions:

U.S. Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.

Nonresident Defendant

A defendant in a legal action who does not reside in the jurisdiction where the lawsuit is filed.

Complaint

A formal statement initiating a lawsuit, alleging facts and legal reasons for action against the defendant.

Clerk

An administrative or office worker, often responsible for handling paperwork or performing general office duties.