Which of the Following Statements Is INCORRECT

question 276

Multiple Choice

Which of the following statements is INCORRECT?

• A) Payments for imports and receipts from exports are recorded in the current account.
• B) Foreign investment in the United States and U.S. investment abroad are recorded in the capital and financial account.
• C) A change in U.S. official reserves is recorded in the official settlements account.
• D) Net interest income is recorded in the official settlements account.

---

Definitions:

Encoding Failure

It refers to the phenomenon where information fails to be stored in long-term memory due to inadequate or failed encoding processes.

Kindergarten Teacher

An educator who specializes in teaching young children, typically aged 5-6, focusing on introducing basics of academic learning as well as social skills.

Recall Name

The mental process of remembering a person's name.

Proactive Interference

A phenomenon where older memories interfere with the recall of newer information.