Assume a Country Is Closed

question 59

Multiple Choice

Assume a country is closed.Given this information,which of the following must occur?

• A)demand for domestic goods will be less than the domestic demand for goods
• B)demand for domestic goods will be greater than the domestic demand for goods
• C)S + T = I + G
• D)a budget surplus exists
• E) S = I

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Definitions:

Bank Error

Mistakes made by a bank in recording transactions in a customer's account, requiring correction to reflect the accurate balance.

Check Printing Charge

Fees incurred for the printing of checks, often charged by banks or printing companies.

Deposits In Transit

Funds that have been deposited by a company but not yet credited to its bank account by the financial institution.

NSF Checks

Checks that cannot be processed by a bank due to insufficient funds in the account of the individual who wrote the check, leading to a "non-sufficient funds" status.