Accruals Are Generally Considered Free Debt in the Sense That

question 66

True/False

Accruals are generally considered free debt in the sense that no explicit interest is paid on funds "raised" through them. 

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Definitions:

Current Account

Part of the balance of payments of a country, including transactions in goods, services, primary income, and secondary income.

Financial Account

A component of a country's balance of payments that records transactions involving domestic and foreign financial assets and liabilities.

Remittances

Money transferred by foreign workers to individuals in their home country, contributing to the economy through support of family and investment in local businesses.

Workers

Individuals engaged in any form of employment, contributing labor to produce goods or services.