When US Residents Sell Assets Abroad, They Are in Essence

question 137

Multiple Choice

When U.S. residents sell assets abroad, they are in essence

• A) borrowing money, and foreign debts to the United States decrease.
• B) borrowing money, and foreign debts to the United States increase.
• C) lending money, and foreign debts to the United States decrease.
• D) lending money, and foreign debts to the United States increase.

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Definitions:

Price

The amount of money required to purchase an item or service.

Statute of Frauds

The Statute of Frauds is a legal principle that requires certain types of contracts to be executed in writing to be enforceable.

Securities

Financial instruments representing an ownership position, debt, or rights to ownership, traded in financial markets, such as stocks, bonds, and options.

Security Interests

A legal claim or lien on collateral that secures the performance of an obligation, typically seen in financing transactions.