If a State Faced Balance-Of-Payments Difficulties and Needed a Short-Term

question 7

Multiple Choice

If a state faced balance-of-payments difficulties and needed a short-term loan to deal with the problem,it would likely turn to ________.

• A) the United Nations
• B) the International Monetary Fund
• C) the General Agreement on Tariffs and Trade
• D) the World Trade Organization

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and to prepare financial statements.

Reports Center

A feature within software programs that aggregates data and generates summaries or detailed analyses for review.

Accountant & Taxes

Pertains to the work of keeping financial records, preparing tax returns, and advising on tax liabilities.

Cash Basis Accounting

An accounting method in which revenues and expenses are recorded only when cash is received or paid out, not when the transaction occurs.