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

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Definitions:

Zoning Ordinances

Laws regulating the use of land and buildings within specific areas to control and direct property development.

Assumes the Mortgage

The process by which a buyer takes over the seller's mortgage as part of the terms of purchasing a home.

Personally Liable

Refers to the direct responsibility an individual has to fulfill an obligation or debt, making their personal assets vulnerable to being claimed in the event of non-fulfillment.

Enabling Statute

Legislation that creates new powers or authorities for government agencies or officials to implement and enforce laws.