Which of the Following Leads to a Negative Payment in Canada's

question 51

Multiple Choice

Which of the following leads to a negative payment in Canada's balance-of-payments accounts?

• A)Kawasaki builds a motorcycle manufacturing plant in Vancouver
• B)Canadian tourists travel in large numbers to China
• C)a wealthy Iranian builds a mansion in Montreal
• D)Zaire pays interest on its debt to Canada
• E)a French consumer buys a Canadian-made telephone

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Definitions:

Indorsement

The act of signing one's name on the back of a negotiable instrument, which transfers the property rights to another.

Indorsements

Written approvals or endorsements on documents, especially checks or promissory notes, to signify agreement, consent, or transfer.

Payable

Refers to debts or financial obligations that an entity is required to pay within a specific period, such as bills or invoices.

Negotiation

Negotiation is the process whereby interested parties discuss, deliberate, and come to an agreement on terms and conditions that are mutually acceptable.