Which of the following is not true of the statistical discrepancy in the balance of payments?
A) It is residual.
B) It is a measure of net error in the balance of payments data.
C) It is necessary because some transactions go unreported.
D) An excess of credits in all other accounts must be offset by equivalent debits in the statistical discrepancy account.
E) A difference between credits and debits is taken care of by changes in the official reserve transaction account.
Correct Answer:
Verified
Q42: The current account shows international transactions in
Q48: A net importer of assets must have
Q49: The United States is a net importer
Q50: Between 1917 and 1982, the US ran
Q51: The statistical discrepancy
A)is always positive
B)is always negative
C)must
Q52: International reserves are
A)foreign exchange held by governments
Q54: If foreigners increase their ownership of U.S.assets,
Q55: Which of the following is a credit
Q56: Which of the following is not a
Q57: If the current account shows a deficit,
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