If China, in an Attempt to Bolster the Sales of Its

question 134

Multiple Choice

If China, in an attempt to bolster the sales of its own auto manufacturers, decided to limit the number of automobiles that could be brought in from other countries, China would be using a(n)

• A)embargo.
• B)boycott.
• C)exchange control.
• D)import tariff.
• E)quota.

---

Definitions:

Deposits In Transit

Deposits made by a company but not yet recorded by its bank, typically due to timing differences.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure consistency.

Adjusted Balance

The ending balance of an account after adjustments have been made for transactions, charges, or credits.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy and consistency.