If a country runs a deficit in its current account, it is because
A) exports exceed imports
B) imports exceed exports
C) net unilateral transfers are negative
D) foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers
E) foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers
Correct Answer:
Verified
Q18: The balance of payments always balances, because
Q19: The merchandise trade balance
A)reflects trade in intangibles
Q20: The merchandise trade balance does not include
A)exports
Q21: Net unilateral transfers in the United States
Q22: When an American buys a Swedish financial
Q24: Current account transactions are records of the
Q25: The debit side of the current account
Q26: Which of the following would contribute, directly
Q27: When net unilateral transfers are added to
Q28: The capital account keeps track of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents