If a Country Has High Productivity,it Can Expect

question 19

Multiple Choice

If a country has high productivity,it can expect:

• A)high demand for its goods and high demand for the foreign currency most often used to purchase its goods.
• B)level demand for its goods,but high demand for its currency.
• C)level demand for its goods,and high demand for the foreign currency most often used to purchase its goods.
• D)high demand for the goods it produces and high demand for its currency.

---

Definitions:

Note Payable

A written promise to pay a specific amount of money, usually with interest, at a future date.

Interest Incurred

The cost of borrowing money, represented as the amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Discounted Note

A promissory note or bond sold at a price lower than its face value, which will pay the face value at maturity.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the correct period.