Which One of the Following Will Directly Affect Canada's Balance

question 99

Multiple Choice

Which one of the following will directly affect Canada's balance on goods and services, but not affect its balance of trade?

• A)an increase in merchandise exports
• B)a decrease in exports of services
• C)an increase in official reserves
• D)an increase in net transfers

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Definitions:

Retired

The status of no longer being active in one's profession or job due to reaching a certain age or voluntary choice, often resulting in pension or retirement benefits.

Fully Depreciated

The state of an asset when its book value is reduced to zero through depreciation, signifying it has recognized the expense of its full useful life.

Salvage Value

The estimated sell-back value of an asset once it surpasses its life of effectiveness.

Book Value

The net value of a company's assets minus its liabilities, representing the shareholders' equity on a per share basis.