The United States Has an International Trade Deficit in the Sale

question 89

True/False

The United States has an international trade deficit in the sale and purchase of goods but a trade surplus in services.

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Definitions:

Insolvent

The state of being unable to pay off debts as they come due, having liabilities exceed assets.

Receivables

Money owed to a business or an individual for goods or services provided on credit.

Cash-to-cash Cycle

The time period between when a business pays for its inventory and when it receives cash from the sale of that inventory.

Timing

The selection of the most appropriate point or period to initiate or execute an action to achieve the desired outcome.