The Accounting System That Measures Transactions Between One Country and All

question 35

Multiple Choice

The accounting system that measures transactions between one country and all other countries is called the:

• A)balance of trade system.
• B)balance of payments system.
• C)balance of current accounts system.
• D)balance of goods and services system.

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Definitions:

Independent Variable

A variable that is manipulated or changed in an experiment to observe its effects on a dependent variable.

Dependent Variable

In experimental research, the variable that is observed and measured to determine the effect of the independent variable, reflecting outcomes or changes.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Internal Validity

The extent to which a study can demonstrate that a causal relationship exists between variables, free from external influences.