With Respect to a Nation's Balance-Of-Payments Statement,the Official ___________ Account

question 74

Short Answer

With respect to a nation's balance-of-payments statement,the official ___________ account is a record of exports and imports of gold,increases or decrease in foreign exchange,and increases or decreases in liabilities to foreign central banks.

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Definitions:

Hydrocarbons

Organic compounds consisting entirely of hydrogen and carbon, used as fuels, solvents, and as raw materials for various chemicals.

Incentive-based Regulation

A regulatory approach that aims to encourage desired behaviors through financial incentives, rather than through mandates or prohibitions.

Command-and-control Regulation

A regulatory approach where the government sets specific limits or standards for various aspects of business operations to control or reduce negative externalities.

Opportunity Cost

The relinquishment of potential profits from various alternatives upon choosing a certain one.