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KiRa [710]
2 years ago
12

Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions

of one country with the rest of the world.
Business
1 answer:
scoray [572]2 years ago
3 0

Current account and Capital account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

<h3>What is Capital account?</h3>
  • The capital account is a tool used in macroeconomics and international finance to track the net flow of investment transactions into an economy.
  • It is one of the balance of payments' two main elements, together with the current account. The capital account reflects the net change in ownership of national assets, whereas the current account reflects a country's net revenue.
  • A positive balance on the capital account indicates that money is entering the nation, but unlike a positive balance on the current account, the inflows actually represent borrowings or asset sales rather than payments for labor.
  • A deficit in the capital account indicates that money is leaving the country and that the country is acquiring more foreign assets.

To know more about Capital account with the given link

brainly.com/question/13275642

#SPJ4

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Adam is an economist who believes that in the long run, all prices are flexible and that any increase in the money supply will l
ikadub [295]

Answer:

The correct answer is C. classical economist.

Explanation:

Classical economics reoriented economic thinking away from the approach that was based on the preferences of rulers or social classes. The classics emphasized the benefits of free trade and developed an organized analysis of the value of goods and services as a reflection of their cost of production.

Classical economists opposed government intervention in the market through price controls, fees, regulations or any other mechanism that altered its normal functioning.

5 0
3 years ago
Which of the following statements concerning ideal standards is incorrect?
lbvjy [14]

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

8 0
3 years ago
In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0
1 year ago
A couple is considering what project they should do next to improve the value of their house. Based on the table above, which of
murzikaleks [220]

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B. Enclose back porch

Explanation:

7 0
2 years ago
Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh
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Answer:

10,000 common stock.

The EPS = earnings per share = Earnings before tax divided by outstanding common stock in issue

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3 years ago
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