If a Country Has $2

question 189

Multiple Choice

If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries,then it has

• A)$7.2 billion of exports and $4.8 billion of imports.
• B)$7.2 billion of imports and $4.8 billion of exports.
• C)$4.8 billion of exports and $2.4 billion of imports.
• D)$4.8 billion of imports and $2.4 billion of exports.

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Definitions:

British Pounds

The currency of the United Kingdom, which is one of the most widely used and oldest currencies in the world.

Foreign Exchange

The exchange of one currency for another or the conversion of one currency into another currency.

Price of Foreign Exchange

The rate at which one currency can be exchanged for another, often influenced by economic factors and market demand.

U.S. Dollar

The official currency of the United States, widely used as a standard unit of currency in international trade and finance.