The Value During a Given Period of a Country's Exported

question 197

Multiple Choice

The value during a given period of a country's exported goods minus the value of its imported goods is known as the _____

• A) balance of payments.
• B) merchandise trade balance.
• C) foreign direct investment.
• D) current account deficit.
• E) current account surplus.

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Definitions:

Merchandise Return

Occurs when customers return previously purchased products to the seller, typically resulting in a refund or store credit.

Account Settlement

The process of reconciling and closing an account by paying off any outstanding balance.

Cost Of Goods Sold

Costs directly connected to the production of a company's sold merchandise.

Cost Of Goods Purchased

The total expense incurred to buy goods over a period, including transportation and handling, not yet necessarily sold.