Umm... I don’t think so, but I’m not 100% sure.
In the given scenario above, it is seen that is considered to be a fiduciary relationship. So, meaning to say, a fiduciary relationship such as the scenario that is given above needs a high degree of trust and for the people involve to be confident. It is because a fiduciary relationship is a relationship that involves trust to another people or party and it involves about assets and money which is portrayed above.
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). The balance can be calculated on different categories of transactions.
The Mesopotamian city-state of Ur had three main social classes: At the top of this ladder is the nobility; this class included the royal family, priests, and the richest people in society. The middle class, also referred to as commoners, included merchants, farmers, fisherman, artisans, teachers, etc.
