A country imported goods and services worth 10 billion and exported goods and services worth 11.1 billion during a particular year. This implies that the country experienced a ________ during that year.
A) trade surplus B) budget surplus C) budget deficit D) trade deficit
Question 2
Which of the following statements is NOT a function of the Fed?
A) It ensures that commercial banks report their assets and liabilities with accuracy.
B) It monitors the stockholders' equity of commercial banks.
C) It oversees interbank payment systems.
D) It regulates the various stock markets in the economy.
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
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