The Balance of Payments Is

question 41

Multiple Choice

The balance of payments is

• A) a summary record of the financial transactions of a country's government with foreign governments.
• B) a summary record of a country's imports and exports of goods with foreign residents and governments.
• C) a summary record of a country's economic transactions with foreign residents and governments.
• D) a summary record of a country's purchases and sales of goods and services in the world market.

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Definitions:

Vice President Cheney

Refers to Dick Cheney, who served as the Vice President of the United States from 2001 to 2009 under President George W. Bush.

Perjury

The criminal act of lying under oath or making false statements in a court of law.

CIA Operative

An agent or individual working for the Central Intelligence Agency, performing intelligence gathering or covert operations.

Globalization

Term that became prominent in the 1990s to describe the rapid acceleration of international flows of commerce, financial resources, labor, and cultural products.