The Difference Between Merchandise Exports and Imports Is Called the ________

question 72

Multiple Choice

The difference between merchandise exports and imports is called the ________ balance.

• A)current account
• B)capital account
• C)official reserve transactions
• D)trade

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Definitions:

Income for Operations

The earnings generated from a company's regular, core business activities before interest and taxes.

Net Sales

The revenue generated from sales activities after deducting returns, allowances, and discounts, representing the actual income earned by a business from its core operations.

Net Income

The total profit of a company after all revenues, costs, and expenses have been deducted, also known as the bottom line.

Acid-Test Ratio

A financial indicator that assesses the capacity of a business to settle its short-term obligations using its liquid assets.