A Nation's Balance on the Current Account Is Equal to Its

question 108

Multiple Choice

A nation's balance on the current account is equal to its exports less its imports of:

• A)goods and services.
• B)goods and services, minus Canadian purchases of assets abroad.
• C)goods and services, plus net investment income and net transfers.
• D)goods and services, plus foreign purchases of assets in Canada.

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Definitions:

Transaction Types

The various categories of financial activities, such as sales, purchases, payments, and receipts, recorded in accounting.

Banking And Credit Card

Financial services and products that involve managing checking and savings accounts, as well as issuing and servicing credit card accounts.

Vendors And Expenses

Refers to the companies or individuals from whom goods or services are purchased (vendors) and the costs incurred in the operation of a business (expenses).

Employees And Payroll

Employees and payroll refer to the process of managing the payment of wages or salaries to individuals working for an organization, including the calculation of deductions and taxes.