The difference between exports and imports of a country is its
A) Balance of visible trade
B) Balance of invisible trade
C) Balance of payments
D) None of the above
Correct Answer:
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Q12: If the difference between exports and imports
Q13: The current account BOP deficit will be
Q14: In the equation Y=C+I+G+(X-M), G denotes
A)General expenditure
B)Government
Q15: If export is less than import, there
Q16: In the equation B=Rf-Pf, Pf represents
A)Payments made
Q18: Under direct control measures, the government aims
Q19: Given the foreign exchange rate and prices
Q20: Devaluation results in
A)Increase in domestic price of
Q21: Undervaluation of currency encourages
A)Imports
B)Exports
C)Investments
D)None of the above
Q22: The equation Rf-Pf <0 denotes
A)Surplus in balance
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