If a Country Had a Trade Surplus of $100 Billion

question 91

Multiple Choice

If a country had a trade surplus of $100 billion and then its exports rose by $40 billion and its imports rose by $30 billion,its net exports would now be

• A)$110 billion
• B)$90 billion.
• C)$70 billion.
• D)$60 billion.

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Definitions:

Coupon Bond

A bond that offers interest payments to its holder at regular intervals until the bond's maturity, whereupon the face value is repaid.

Ask Price

The lowest price a seller is willing to accept for an asset on the market.

Accrued Interest

The interest that has accumulated on a bond or loan since the last interest payment was made.

Conversion Premium

The additional amount that an investor pays over the current market price to convert a convertible security into a predetermined number of common shares.