Statement I: Canada Is Our Most Important Trading Partner

question 140

Multiple Choice

Statement I: Canada is our most important trading partner.
Statement II: In 1999,11 EU countries formed the European Monetary Union.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Financial Assets

Financial assets are intangible assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and the rights to receive cash in the future.

Claims On Real Assets

Financial securities or other types of financial instruments that confer ownership or a right to a portion of the value of tangible assets.

Well-Developed Economy

A country's economic state characterized by strong industrial, service, and financial sectors, stable political systems, high standards of living, and advanced technological infrastructure.

Investment Assets

Tangible or intangible items that individuals, companies, or funds buy or invest in with the expectation of generating future income or profit.