The Official Reserve Account Includes

question 97

Multiple Choice

The official reserve account includes

• A)the export and import of goods and services.
• B)all purchases and sales of assets such as stocks, bonds, bank accounts, real estate, and businesses.
• C)all purchases and sales of international reserve assets such as dollars, foreign exchanges, gold, and special drawing rights (SDRs).
• D)none of the above

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Definitions:

Interest Expense

The financial charge an organization incurs from taking out loans.

Tax Rate

The percentage of an individual's or corporation's income or profits that is paid to the government as tax.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business.

Creditors

Individuals or entities to whom money is owed by a debtor, usually in the form of loans or credit extended for business operations.