The Financial Account of the U.S.includes

question 26

Multiple Choice

The financial account of the U.S.includes:

• A) the change in U.S. assets abroad and foreign assets in the U.S.
• B) the change in U.S. assets abroad and foreign assets in the U.S., other than official reserve assets
• C) all financial assets
• D) all but current account transactions

---

Definitions:

Rent on Office

The cost incurred for leasing office space, which is considered an operational expense for businesses.

Selling and Administrative Expense

The aggregate of all indirect costs associated with the selling of products and the general operations of a business.

Direct Materials

Raw materials that can be physically and directly associated with the manufacturing of finished goods.

Depreciation

The method of allocating the cost of a tangible asset over its useful life.