Because the balance-of-payments utilizes double entry accounting, merchandise exports will always be in balance with merchandise imports.

Question

Quizplus · Accepted Answer

While the balance-of-payments does utilize double entry accounting, merchandise exports and imports are just one component of the balance-of-payments. Other components such as services, income, and financial transactions can cause imbalances between exports and imports.

Because the Balance-Of-Payments Utilizes Double Entry Accounting, Merchandise Exports Will