Which of the Following Is Not True About a Nation's

question 1

Multiple Choice

Which of the following is not true about a nation's balance of payment?

• A)Balance of Payment information is important to Banks
• B)Balance of Payment keeps record or all the transactions that took place between the resident of a country and the rest of the world
• C)Balance of Payment is useful to individuals involved in international trade and finance
• D)Balance of Payment information is not important for a business firm

---

Definitions:

Egocentrism

In Piaget’s theory, the preoperational child’s difficulty taking another’s point of view.

Accommodation

In psychology, a cognitive process of altering one's existing schemas, perceptions, and understanding so as to adapt to new information.

Cognitive Developmental Stages

Theoretical stages proposed by psychologists to describe the progression of thinking and reasoning abilities as people grow.

Conceptual Frameworks

Structures of concepts and ideas that guide thinking, research, and practice in various fields by providing an organized way to make sense of related phenomena.