The net decline in a country's stock of international reserves over a year is called a(n):
A)balance-of-payments deficit.
B)balance-of-payments surplus.
C)trade deficit.
D)trade surplus.

Name: The net decline in a country's stock of international reserves over a year is called a(n): A)balance-of-payments deficit. B)balance-of-payments surplus. C)trade deficit. D)trade surplus.
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Question

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A balance-of-payments deficit is the net decline in a country's stock of international reserves over a year.

The Net Decline in a Country's Stock of International Reserves