Which of the Following Is a Current Account Transaction

question 145

Multiple Choice

Which of the following is a current account transaction?

• A) the purchase of a foreign engineering firm by a domestic investor
• B) the import of shoes by a domestic retailer
• C) a loan by a domestic bank to a foreigner
• D) a loan by a foreign bank to a domestic manufacturer

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Definitions:

Plaintiff-Businessperson

A businessperson or entity that initiates a lawsuit against another party in a commercial dispute.

Misappropriation

The unauthorized use of another's name, likeness, or property without permission, typically for one's own benefit or advantage.

Lanham Act

A federal statute that provides a national system of trademark registration and protection in the United States, aimed at preventing consumer confusion and protecting the goodwill associated with trademarks.

Unfair Practices

Actions conducted by businesses or individuals that are dishonest, deceptive, or unethical, often violating consumer rights.