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A Credit Entry in Canada's Balance-Of-Payments Accounts

Question 2

Multiple Choice

A credit entry in Canada's balance-of-payments accounts


A) is any transaction that involves a payment to other nations.
B) is any transaction that involves a receipt from other nations.
C) typically results in less foreign exchange being held by Canadians.
D) typically gives rise to the acquisition of foreign exchange on current-account transactions and the loss of foreign exchange on capital-account transactions.
E) can be recorded only by the central bank in the official financing accounts.

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