The Following Table Contains Hypothetical Data for the U

question 91

Multiple Choice

The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars. U.S.
Refer to the table above. The figure for net transfers indicates that the United States:

• A) Received a net public and private transfer of $22 billion from the rest of the world
• B) Sent a net public and private transfer of $22 billion in remittances to the rest of the world
• C) Sent a net private transfer of $22 billion to the rest of the world
• D) Received a net private transfer of $22 billion from the rest of the world

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Definitions:

Book Value per Share

The equity available to shareholders divided by the number of outstanding shares, representing a company's assets minus its liabilities on a per-share basis.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.

Acid-Test Ratio

A financial metric that measures a company's ability to pay its short-term liabilities with its most liquid assets, excluding inventory.

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or within the operating cycle, including cash, inventory, and accounts receivable.