Which of the Following Ensures That Balance-Of-Payments Records Are Always

question 30

Multiple Choice

Which of the following ensures that balance-of-payments records are always in balance?

• A) Sum of squares recording system
• B) Bank reconciliation system
• C) Double-entry bookkeeping system
• D) Archival records system
• E) Multifactor recording system

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Definitions:

Distribution

Describes the frequency or probability of all possible outcomes of a random variable.

Box Plots

Box plots, also known as box-and-whisker plots, are graphical representations used in descriptive statistics that show the distribution, central value, and variability of a dataset through quartiles, highlighting median, quartiles, and outliers in the data.

Medians

The middle value in a set of numbers, dividing the data set into two halves.

Histograms

A visual depiction showcasing how numerical data is spread out, illustrated through bars of varying heights.