The Net Amount of International Reserves That Move Between Governments

question 22

Multiple Choice

The net amount of international reserves that move between governments to finance international transactions is called the ________ balance.

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

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Definitions:

Allocation Base

A measure or statistics used to determine how to distribute indirect costs to various cost objects in a way that is equitable and rational.

Overhead Costs

Indirect expenses related to the general operation of a business, such as administrative salaries, rent, and utilities, that cannot be directly attributed to a specific product or service.

Plantwide Overhead Rate

A single overhead rate calculated for an entire manufacturing plant, used to allocate overhead costs to multiple production departments or products.

Machine Hours

A measurement representing the operational running time of machinery, used in allocating manufacturing overhead costs based on usage.