Garth and Heddy,consumers,transact a Deal Over the Internet

question 60

Multiple Choice

Garth and Heddy,consumers,transact a deal over the Internet.Their contract does not mention the UETA.The UETA covers

• A)none of the contract.
• B)only the part of the contract that concerns computer information.
• C)only the part of the contract that does not concern computer information.
• D)the entire contract.

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Definitions:

Current Account

The section of a country's balance of payments that records the value of exports and imports of goods and services, net earnings on overseas investments, and net transfer payments.

Money Inflow

The total amount of money entering an economy, business, or individual's account from various sources.

Trade Deficit

A situation that occurs when a country's imports of goods and services exceed its exports.