If There Is a Positive Sign in Front of Transfers

question 5

Multiple Choice

If there is a positive sign in front of transfers for Canada,then

• A)Canada exported more services than it imported.
• B)the value of Canadian gifts to foreigners was less than foreign gifts to Canadians.
• C)Canada imported more commercial financial assets than it exported.
• D)Canada had a positive balance of trade.

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Definitions:

Second Continental Congress

A convention of delegates from the Thirteen Colonies that started meeting in the spring of 1775 in Philadelphia, leading to the adoption of the Declaration of Independence in 1776.

American Independence

The state of being free from British rule, officially declared on July 4, 1776, by the Thirteen Colonies.

Robert Livingston

An American lawyer, politician, and diplomat who served as one of the Founding Fathers of the United States, notable for helping to draft the Declaration of Independence.

Benjamin Franklin

Benjamin Franklin was one of the Founding Fathers of the United States, known for his contributions as an inventor, diplomat, writer, and statesman.