A Favorable Balance of Trade Occurs When the Value Of

question 102

Multiple Choice

A favorable balance of trade occurs when the value of:

• A)imports equal the value of exports.
• B)the cash inflows equal the value of the cash outflows.
• C)imports is less than the value of exports.
• D)the dollar is greater than the value of the Euro.

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Definitions:

Cheque

A negotiable instrument consisting of a bill of exchange drawn on a bank, payable on demand.

Cooling-off Period

A designated timeframe after a sale during which a consumer can cancel a transaction without penalty, often applied to contracts entered at a distance or off-premises.

Consumer Sales Transactions

Deals or agreements involving the sale of goods or services from a business to an individual for personal, family, or household purposes.

Purchaser of Goods

An individual or entity that buys products for personal use, resale, or production purposes.