Solved

A Country's Balance of Payments Is Sometimes Incorrectly Said to Be

Question 28

Multiple Choice

A country's balance of payments is sometimes incorrectly said to be "in deficit." This statement often refers to a situation where


A) total debits exceed total credits.
B) the official financing account is in surplus.
C) the official financing account is also "in deficit."
D) the government is increasing its stock of foreign-exchange reserves.
E) debits exceed credits on the capital account only.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents