If Your Company Were to Import and Export Textiles, the Transactions

question 57

Multiple Choice

If your company were to import and export textiles, the transactions would be recorded in the current account subcategory of:

• A) services trade.
• B) income trade.
• C) goods trade.
• D) current transfers.

---

Definitions:

Factor

A condition or quality that brings about a result—in this case, “intelligent” behavior. A cluster of related items, such as those found on an intelligence or personality test.

Encoding

The initial learning of information; the process of transforming what we perceive, think, or feel into an enduring memory.

Practical Intelligence

The ability to solve everyday problems through the use of experience-based knowledge, rather than theoretical reasoning.

Encoding

The process of transforming information into a format that can be stored in the brain; a crucial step in the process of creating new memories.