Which of the Following Is the Largest Source of Foreign-Exchange

question 58

Multiple Choice

Which of the following is the largest source of foreign-exchange income in Mexico?

• A)FDI
• B)tourism
• C)foreign aid
• D)remittance income

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Definitions:

Compound-Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Guaranteed Interest Rates

Interest rates promised to remain constant over a defined period, often associated with savings instruments like fixed deposits.

Maturity Value

The amount payable to an investor at the end of a fixed term investment.

Financial Planning

The process of creating strategies for managing finances to achieve personal financial goals.