Which statement(s) is/are TRUE? I. The balance of trade is included in the capital account.
II) A deficit in either the current or capital account must be offset by an equal surplus in the other account.
III) If the United States sends money to Haiti for disaster relief, it will be accounted for as a subtraction from the U.S. current account.
A) I only
B) II only
C) I and II only
D) II and III only

Question

Quizplus · Accepted Answer

The Answer of Which statement(s) is/are TRUE? I. The balance of trade is included in the capital account.
II) A deficit in either the current or capital account must be offset by an equal surplus in the other account.
III) If the United States sends money to Haiti for disaster relief, it will be accounted for as a subtraction from the U.S. current account.
A) I only
B) II only
C) I and II only
D) II and III only

Which Statement(s) Is/are TRUE? I