Which of the Following Is Not Considered a Resident When

question 9

Multiple Choice

Which of the following is not considered a resident when calculating the balance of payments?

• A)governments
• B)capital equipment
• C)organizations
• D)firms
• E)people

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Definitions:

Assign Contract Rights

The act of transferring one's rights and obligations under a contract to another party.

Sale of Goods

The transaction of exchanging commodities for money between two parties, under regulated legal conditions.

Assignment Prohibited

A clause or condition in an agreement that restricts the transfer of rights or delegation of duties to another party.

Ownership Rights

Legal rights that confer the benefits and control over property, assets, or resources, allowing the owner to use, manage, and dispose of them.