A systematic record of receipts and payments in international transactions of a country in a given year is called
A) Balance of trade
B) Balance of payments
C) Terms of trade
D) Capital account
Correct Answer:
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Q1: A country which gives loans and grants
Q2: 'twin deficits' refer to revenue deficit and
A)Capital
Q3: Measurement of deficit or surplus in the
Q4: Overvaluation of domestic currency makes
A)Foreign goods cheaper
Q5: Devaluation encourage
A)Exports
B)Imports
C)Both exports and imports
D)None of the
Q7: The most important items in the current
Q8: Lending to foreign countries represents
A)Capital inflows
B)Capital outflows
C)Services
Q9: Payment to foreign country is a
A)Credit transaction
B)Debit
Q10: The category that do not includes in
Q11: The expression (X-M) denotes
A)The balance of trade
B)The
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