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The Balance of Trade Is Part of the Current Account

question 106

True/False

The balance of trade is part of the current account which is part of the balance of payments.


Definitions:

HRM Practices

Human Resource Management practices involve recruitment, selection, training, appraisal, compensation, and development of employees to enhance organizational performance.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior position compared to its competitors.

Growth Strategy

A plan of action designed to increase the size, revenue, or market share of a business.

Organization's Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.

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