In the Balance of Payments, Any Transaction That Leads to a Receipt

question 145

Multiple Choice

In the balance of payments, any transaction that leads to a receipt by a resident of a country is a

• A) minus item.
• B) debit item.
• C) surplus item.
• D) deficit item.

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Definitions:

Percentage Increase

A measure of how much a quantity has grown relative to its previous value, expressed as a percentage.

Horizontal Analysis

A financial analysis technique that compares historical financial data across consecutive periods to identify trends and growth patterns.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) or income and expenses is represented as a proportion of a total account.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.