The Difference Between the Value of the Goods a Country

question 146

Multiple Choice

The difference between the value of the goods a country exports and the value of the goods a country imports is the country's

• A)financial account balance.
• B)current account balance.
• C)balance of trade.
• D)capital account balance.

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Definitions:

Credit Card Sales

Transactions where customers purchase goods or services using a credit card as the payment method.

Service Charge Fee

A fee charged by a bank or financial institution for processing transactions or providing a specific service.

Finance Charges

The cost of borrowing money, including interest and other fees.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects cash from its credit sales by comparing net credit sales with the average accounts receivable.