If a Country Does Not Engage in Trade with Other

question 75

Multiple Choice

If a country does not engage in trade with other countries,it is known as

• A)An open economy.
• B)A trade deficit economy.
• C)A closed economy.
• D)A trade surplus economy.

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Definitions:

Financial Intermediaries

Financial institutions through which savers can indirectly provide funds to borrowers

Financial Institutions

Organizations that provide financial services, including banks, insurance companies, and investment firms.

Financial Markets

Financial institutions through which savers can directly provide funds to borrowers

Investment

The allocation of resources, often money, in the hope of generating an income or profit.