Every International Transaction Automatically Enters the Balance of Payments

question 60

Multiple Choice

Every international transaction automatically enters the balance of payments

• A) once either as a credit or as a debit.
• B) twice, once as a credit and once as a debit.
• C) once as a credit.
• D) twice, both times as debit.
• E) the times, once as a credit, onces as a debit, and once as an exchange.

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Definitions:

Extreme

A condition, situation, or attribute that is far beyond the norm or average, often used in psychological studies to describe outlier behaviors or conditions.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, including the mean, median, and mode as common examples.

Household Incomes

The total income earned by all members of a household, encompassing all financial sources.

Annual Income

The total amount of money earned or received in a year from employment, investments, or other sources before taxes and deductions.