The Balance of Payments as Applied to a Course in International

question 9

Multiple Choice

The balance of payments as applied to a course in international finance may be defined as:

• A) the amount still owed by an exporting firm after making an initial down payment.
• B) the amount still owed by governments to the International Monetary Fund.
• C) the measurement of all international economic transactions between the residents of a country and foreign residents.
• D) the amount of a country's merchandise trade deficit or surplus.

---

Definitions:

Unrealistically High

Pertains to expectations or goals that are set far beyond achievable standards, often leading to disappointment or failure.

Psychological Contract Breach

Occurs when an employee perceives that their employer has failed to fulfill one or more promises or agreements in their perceived psychological contract.

Reality Shock

The feeling of surprise and disorientation experienced when one's expectations clash with the actual reality.

Psychological Contract

An unwritten and implicit agreement between an employer and an employee that outlines mutual expectations, including job security, loyalty, and commitment.