The Statistical Discrepancy

question 46

Multiple Choice

The statistical discrepancy

• A)is always positive
• B)is always negative
• C)must be reduced to zero and eliminated from the balance of payments before the records become official
• D)is a residual factor that indicates the net error in the balance of payments data
• E)is a record of all transactions between residents of two countries over a specified period

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Definitions:

Capitalized

Costs that are recognized as part of an asset on the balance sheet rather than being expensed, often related to the acquisition or construction of a long-term asset.

Amortized

The process of gradually writing off the initial cost of an asset or loan over a period of time in a systematic and rational manner.

Deferred Contribution

Contributions or payments made to a fund or organization that are to be recognized as revenue over a future period.

Specific Project

A particular plan or undertaking designed to achieve a certain goal within a designated timeframe and often with a defined budget.