The Balance on the Current Account ____

question 203

Multiple Choice

The balance on the current account ____.

• A) d and e
• B) c and d
• C) will show a trade deficit or surplus, if one exists
• D) must always be zero
• E) multiplied by −1 becomes the capital account

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Definitions:

Foreseeable Loss

Losses that could have been anticipated or predicted as a consequence of an action or inaction, relevant in determining liability.

Non Est Factum

A defense in contract law where a party claims they were mistaken about the nature of the document signed, not merely its terms.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," placing the responsibility on the buyer to perform due diligence before making a purchase.

Equitable Remedy

A court-ordered action typically taken to prevent or resolve harm rather than monetary compensation, aiming to ensure fairness.