Since the Balance of Payments Is Presented as a System

question 53

Multiple Choice

Since the balance of payments is presented as a system of double-entry bookkeeping,

• A)every credit in the account is balanced by a matching debit.
• B)every debit in the account is balanced by a matching credit.
• C)every credit in the account is balanced by a matching debit and every debit in the account is balanced by a matching credit.
• D)none of the options

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Definitions:

Epithets

Descriptive phrases or adjectives expressing a quality characteristic of the person or thing mentioned.

Derogatory Comments

Negative remarks or statements that belittle, insult, or demean someone or something.

Determination of Rights

The process or act of deciding or establishing what rights individuals or groups are entitled to.

Benefits and Costs

The positive outcomes or advantages and the negative outcomes or disadvantages, respectively, that arise from a particular action or decision.