When the Value of a Country's Exports Exceeds the Value

question 31

Multiple Choice

When the value of a country's exports exceeds the value of its imports, the country has a(n) ________.

• A) industrial economy
• B) exchange control
• C) trade surplus
• D) trade deficit
• E) post-industrial economy

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciation over time.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Non-interest Bearing

A financial term indicating a debt or deposit that does not accrue interest over time, identical in concept to its prior mention but explained with different wording.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, compounding the amount on which future interest is calculated.