Which of the Following Is True of the U

question 92

Multiple Choice

Which of the following is true of the U.S. balance of payments?

• A)It includes as receipts all inflows of funds from foreigners to the United States.
• B)It includes as receipts only inflows of funds used to purchase U.S. produced goods and services.
• C)It includes as receipts inflows of funds used to purchase U.S. goods or services or to acquire U.S. assets but not funds received as unilateral transfers.
• D)It includes as receipts inflows of funds used to purchase U.S. goods or services and funds received as unilateral transfers but not inflows of funds used to acquire U.S. assets.

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Definitions:

Trade Agreements

Contracts between states or countries governing the terms of trade between them, which may include tariffs, trade quotas, and other trade-related provisions.

U.S. and Mexico

Refers to the geopolitical, economic, and cultural relationship between the United States of America and Mexico.

Hague Evidence Convention

A multilateral convention establishing procedures for transnational discovery between private persons in different states.

Transnational Discovery

The process of exchanging information and collecting evidence across national borders during legal proceedings.