Any transaction that leads to a payment by a country's residents or government is a(n)
A) debt.
B) asset.
C) deficit item.
D) surplus item.
Correct Answer:
Verified
Q39: The balance of trade is
A) the difference
Q40: When the value of exports exceeds the
Q41: An accounting identity
A) ensures that all balances
Q42: In the balance of payments, all of
Q43: An accounting identity is
A) when the balance
Q45: In international trade, all payments and gifts
Q46: In the balance of payments, a deficit
Q47: Which of the following is included in
Q48: Which of the following is NOT a
Q49: The current account is
A) the reserve assets
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