Current Account Deficits Are Offset by Capital Account ________

question 45

Multiple Choice

Current account deficits are offset by capital account ________.

• A) Assets
• B) Revenues
• C) Surpluses
• D) Imports

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Definitions:

Sales Clerk

An employee typically found in a retail environment responsible for assisting customers, processing transactions, and organizing products.

Accounting Controls

Processes and procedures implemented by a company to ensure the accuracy and integrity of its financial statements and to prevent fraud.

Internal Control Measures

Procedures and policies implemented by a corporation to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.

Bank Accounts

Financial accounts maintained by individuals or entities with a banking institution, facilitating the deposit and withdrawal of funds.