Which of the Following Would Increase the Current Account Balance

question 261

Multiple Choice

Which of the following would increase the current account balance of the United States?

• A)an increase in imports
• B)an increase in the amount of money the U.S.government sends in foreign aid to other countries
• C)an increase in the balance of trade
• D)an increase in the amount of income U.S.companies pay out to foreigners who own investments in the United States.

Learn the characteristics and benefits of an effective accounting information system.

Grasp the concept of flexibility and adaptability in accounting systems for various organizational needs.

Acknowledge the principles of cost effectiveness and its importance in the design and operation of accounting information systems.

Distinguish between manual and electronic accounting systems, including transitions from one to another.

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Definitions:

Mentally Incompetent Persons

Individuals who are legally recognized as unable to make certain types of decisions for themselves due to mental disability or illness.

Disaffirmed

The act of denying or rejecting a contract or agreement, typically by one who was not legally capable of giving consent at the time of the agreement.

Liability

A legal obligation or responsibility; in financial terms, it refers to debts or monetary obligations a company or individual owes to others.

Employer

A person or entity that hires and employs workers, providing wages or salary in exchange for labor or services.