-Refer to the Above Table

question 27

Multiple Choice

-Refer to the above table. Suppose the transactions in the table are added to a balance of payments account that is already in balance. What will have to take place to keep the balance of payments in balance?

• A) Nothing will have to be done as the accounts are in balance.
• B) Nothing will have to be done as the accounts are in equilibrium.
• C) The U.S. government will have to make official reserve transactions equal to $11,000.
• D) Foreign governments will have to make official reserve transactions equal to -$11,000.

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Definitions:

Business Etiquette

The set of expectations governing the social behavior and manners of individuals within a business environment.

Teamwork

Collaborative efforts of a group to achieve a common goal or complete a task in the most effective and efficient way.

Entrée Plates

The primary dishes served in a meal, often consisting of a meat or main ingredient accompanied by sides.

Business Meeting

A formal gathering of individuals within or between organizations to discuss business matters, make decisions, or share information.