A Summary of a Country's Economic Transactions with Foreign Residents

question 289

Multiple Choice

A summary of a country's economic transactions with foreign residents and governments is called the

• A)current account balance.
• B)capital account balance.
• C)balance of trade.
• D)balance of payments.

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Definitions:

Greeting

A polite word or sign of welcome or recognition offered upon meeting or arriving.

Assertive

Describes a communication style characterized by confidence and directness in expressing needs, wishes, or concerns without being aggressive.

State Consequences

To clearly outline or explain the outcomes or repercussions of actions or decisions.

Creative Thinking

The ability to think in novel and unusual ways to come up with unique solutions to problems.