The Three Major Accounts of the ________ Are the Current

question 22

Multiple Choice

The three major accounts of the ________ are the current account,the capital account and the official settlements account.

• A) balance of payments
• B) balance of trade
• C) trade surplus
• D) trade deficit

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Definitions:

Stock Option Plans

A compensation strategy that gives employees the option to purchase company stock at a predetermined price at a future date.

Profit-Sharing Plans

A company-wide program that provides employees with a share in the company's profits, usually in the form of a bonus or retirement benefit.

Unions

Organizations formed by workers to collectively negotiate with employers regarding wages, working conditions, and other employment rights and benefits.

Merit Pay

A compensation strategy that rewards employees based on their performance, often used as an incentive for higher productivity and job satisfaction.