Suppose the Current Account Shows Debits of $4

question 92

Multiple Choice

Suppose the current account shows debits of $4.7 billion and credits of $5.3 billion.The current account balance is ________,and the capital account balance is ________.

• A)+$0.6 billion;-$0.6 billion
• B)+$0.6 billion;+$0.6 billion
• C)-$0.6 billion;-$0.6 billion
• D)-$0.6 billion;+$0.6 billion

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Definitions:

Postmodern City

A city characterized by diverse, complex social structures and environments, reflecting the fragmentation and pluralism of postmodern society.

Privatized

The process of transferring ownership of a business, enterprise, or public service from a government to private individuals or organizations.

Fragmented

Broken into pieces or parts; often used to describe something that is no longer cohesive or unified.

Corporate Middle Class

The corporate middle class consists of individuals within corporations who occupy intermediary positions, balancing professional aspirations with organizational constraints.