Examlex

Solved

Which of the Following Occurs When a Country Exports More

question 42

Multiple Choice

Which of the following occurs when a country exports more goods and services and receives more income from abroad than it imports?


Definitions:

Compounded Annually

Interest on an investment that is calculated once per year and added to the principal sum.

Monthly Payment

A fixed amount of money paid at regular monthly intervals for a service or to repay a loan.

Amortization Period

The length of time it takes to pay off a debt or loan in full through regular payments.

Compounded Quarterly

The process of calculating and adding interest to the principal sum of a deposit or loan every three months.

Related Questions