Choose the Statement That Is Incorrect

question 28

Multiple Choice

Choose the statement that is incorrect.

• A)The world's largest net borrower is the United States.
• B)Canada is a net borrower.
• C)China is a net lender.
• D)Saudi Arabia is a net lender.
• E)Japan is a net borrower.

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Definitions:

Legally Binding

Refers to agreements or promises that have legal force and can be enforced by law.

Capacity

The legal ability to enter into a binding contract.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, make decisions, and be held accountable for them, often related to age, mental competency, and legal status.

Mental Ability

The capacity to think, learn, reason, and solve problems; often assessed through various psychological and cognitive tests.