An official settlements account balance of -$5,000 means
A) official reserves of foreign currency increased by $5,000.
B) official reserves of foreign currency decreased by $5,000.
C) the country is exporting more than it is importing.
D) the country is importing more than it is exporting.
Correct Answer:
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Q290: The official settlements account of a country
Q291: Suppose the current account of a country
Q292: Q293: The sum of the current account, capital Q294: To pay for a current account deficit, Q296: If U.S. imports increase, the sum of Q297: If the current account has a positive Q298: When there is a current account deficit
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