E-Service Refers to Using the Internet and Technology to Provide

question 62

True/False

E-Service refers to using the Internet and technology to provide services that create and deliver time, place, information, entertainment and exchange value to customers and/or support the sale of goods.

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Definitions:

Flexible Exchange Rates

Foreign exchange system where the value of currencies is determined by supply and demand in the forex market, without direct government intervention.

Services Trade

The exchange of services between countries, including sectors such as finance, insurance, transport, and tourism.

Goods Trade

The act of buying, selling, or exchanging tangible products between countries or within a country.

Balance of Payments Deficit

A situation where a country's total international payments exceed its total international receipts over a specified period, indicating more money flowing out than coming in.