A British Grocery Chain Uses Previously Obtained U

question 212

Multiple Choice

A British grocery chain uses previously obtained U.S.dollars to purchase oranges from the United States.This transaction

• A)increases British net capital outflow,and increases U.S.net exports.
• B)increases British net capital outflow,and decreases U.S.net exports.
• C)decreases British net capital outflow,and increases U.S.net exports.
• D)decreases British net capital outflow,and decreases U.S.net exports.

---

Definitions:

Electronic Funds Transfer

An Electronic Funds Transfer (EFT) is the electronic movement of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Percentage Method

A way of calculating federal income tax withholding using percentage tables based on an employee's taxable income and filing status.

Federal Income Tax

A tax levied by the Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.

Withholding Allowance

A predetermined amount of pre-tax income exempt from federal income taxes, directly affecting the amount of tax withheld from an employee's paycheck.