When There Is a Negative Entry for Unilateral Transfers in the Balance

question 88

Multiple Choice

When there is a negative entry for unilateral transfers in the balance of payments, it means that

• A) there must be an offsetting positive sign in the financial account.
• B) U.S. residents gave more to foreign residents than foreign residents gave to U.S. residents.
• C) U.S. residents purchased less services from foreign countries than foreign countries purchased from U.S. residents.
• D) U.S. residents purchased more services from foreign countries than foreign countries purchased from U.S. residents.

Understand the causes and effects of Cold War tensions and conflicts, including the Korean War.

Identify the significance of nuclear power development and the space race in the context of the Cold War.

Recognize the impact of decolonization and the struggle for independence in various countries.

Analyze the influence of the Cold War on European politics and society.

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Definitions:

Net Price

The price of a good or service after all discounts, rebates, and other cost reductions have been applied, not including additional charges such as shipping or taxes.

Complement Method

A mathematical technique used to simplify the process of subtraction by utilizing the "complement" of a number.

Cash Discount

A reduction in an invoice amount available to the buyer for paying all or part of the amount due within a stated period of time.

Invoice Date

The date stated on an invoice; the beginning of the discount period.