Which of the Following Statements About Trade Is False

question 88

Multiple Choice

Which of the following statements about trade is false?

• A)Trade increases competition.
• B)With trade,one country wins and one country loses.
• C)Bulgaria can benefit,potentially,from trade with any other country.
• D)Trade allows people to buy a greater variety of goods and services at lower cost.

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Definitions:

Bank Charges

Fees assessed by a bank for its services or as penalties for not meeting specific account requirements.

Bank Statement Adjustment

Bank Statement Adjustment involves correcting discrepancies between a company’s accounting records and its bank account statement, to reflect the accurate amount of cash available.

Company Books Adjustment

Modifications or corrections made to the accounting records of a company to ensure their accuracy and completeness.

Deposit In Transit

Funds that have been received and recorded by a company but not yet credited by its bank, often seen in bank reconciliation processes.