Question
According to the World Bank (https://data.worldbank.org/indicator/NY.GDP.MKTP.CD), total United States annual GDP in 2016 was approximately $19 trillion.Global GDP was about $76 trillion. The Bank of
According to the World Bank (https://data.worldbank.org/indicator/NY.GDP.MKTP.CD), total United States annual GDP in 2016 was approximately $19 trillion.Global GDP was about $76 trillion.
The Bank of International Settlements (https://www.bis.org/publ/otc_hy1711.htm) noted that the totalnotional amount of outstanding OTC derivatives contracts was $542 trillionat end-June 2017.
Is this $542T amount concerning? Why or why not? How does accounting help us arrive at an answer to this question?
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
