When Exports Equal Imports,we Say That Country Has a

question 75

Multiple Choice

When exports equal imports,we say that country has a

• A) balanced trade.
• B) neutral trade deficit/surplus.
• C) deficit equality.
• D) symmetric trade deficit/surplus.

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Definitions:

Cash Register Tapes

Physical records produced by cash registers, documenting transactions completed.

Refund Liability

An obligation to return funds to customers, recorded as a liability on the balance sheet, reflecting the company's expectation to refund some portion of sales.

Defective Merchandise

Products that fail to meet quality standards, often leading to returns, exchanges, or adjustments.

Discount Period

The timeframe during which a discount is available or when a bill can be settled at less than its face value.