What Was the Approximate Value of the U

question 35

Multiple Choice

What was the approximate value of the U.S.current account balance in 2009?

• A) +$10 billion
• B) +$79 billion
• C) -$380 billion
• D) -$600 billion

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Definitions:

Foreign Limited Partnership

A partnership entity in which some owners have limited liability and limited involvement in management, recognized under the jurisdiction other than where it operates.

Internal Affairs

A legal doctrine which says that a corporation's internal activities should generally be governed by the laws of the state in which it is incorporated.

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment but do not participate in management.

General Partners

Individuals in a partnership who are responsible for the management of the partnership, share the profits, and are personally liable for the partnership's debts.