Which One of the Following Is Part of the Financial

question 104

Multiple Choice

Which one of the following is part of the financial account on the U.S. balance of payments?

• A)net transfers
• B)net investment income
• C)U.S. goods exports
• D)U.S. purchases of assets abroad

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Definitions:

International Agreements

Formal accords between two or more countries that govern their mutual relations and obligations, often involving trade, peace, and cooperative efforts.

Copyright Act

Legislation governing the protection of original works of authorship against unauthorized copying, distribution, and usage, maintaining creators' rights.

Tort Action

A legal claim arising from a civil wrong that causes harm or loss, leading to legal liability for the person who commits the tortious act.

Breach of Contract

The failure to fulfill the terms of a contract by one of the parties involved, leading to potential legal consequences.