Two Types of Business Transactions Dominate the Balance of Payments

question 31

Multiple Choice

Two types of business transactions dominate the balance of payments. Which of the following is NOT such a transaction?

• A) the exchange of real assets and financial assets
• B) the exchange of real assets and political contributions
• C) the exchange of goods and services and financial transactions such as loans
• D) All of the above are business transactions.

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Definitions:

Chi-square Distribution

A statistical distribution used particularly in hypothesis testing, derived from the sum of the squares of a set of variables that follow a normal distribution.

Critical Value

A point on the scale of the test statistic beyond which the null hypothesis is rejected.

Sampling Distribution

A probability distribution of a statistic obtained through a large number of samples drawn from a specific population.

Chi-square Distribution

A probability distribution that arises in statistics as the distribution of a sum of the squares of independent standard normal random variables.