A Favorable Balance of Payments Means That

question 38

Multiple Choice

A favorable balance of payments means that

• A) exports exceed imports.
• B) imports exceed exports.
• C) payments exceed trade.
• D) exports and other payments exceed imports and other receipts.
• E) total receipts exceed total payments.

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Definitions:

Redress for Injury

Legal remedy or compensation sought or awarded for harm or loss suffered due to another's act or failure to act.

Monetary Limit

The maximum amount of money that can be claimed or awarded in a particular type of legal case or insurance policy.

Stare Decisis

A legal principle that obligates courts to follow historical case law when making a ruling on a similar case.

Superior Trial Court

A high-level court of law that has the authority to hear both civil and criminal cases, including appeals from lower courts.