The Balance of Payments in _____________ Summarizes Financial Transactions with Respect

question 4

Multiple Choice

The balance of payments in _____________ summarizes financial transactions with respect to short and long term accounts.

• A)current account balance
• B)capital account
• C)trade balance
• D)direct investments
• E)portfolio investment

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Definitions:

Nominal Variables

Variables that represent categories with no intrinsic ranking or order, such as gender, nationality, or brand names.

Degrees of Freedom

The number of values in a calculation that are free to vary without violating any constraints.

Contingency Table

A tabular method to display the frequency distribution of variables along with their joint distribution.

Contingency Table

A type of table used in statistics to summarize the relationship between two categorical variables, showing the frequency of various combinations of outcomes.