Suppose a country has a balance on its current account of negative $10 billion,while the balance on its capital account is a positive $4 billion.What can we conclude?
A) That the country has a surplus on its balance of trade.
B) That the country has a deficit on its balance of trade.
C) That its reserves of foreign currencies are falling.
D) That the country has a balance of payments surplus.
E) That the country has a balance of payments of zero.
Correct Answer:
Verified
Q55: What effect will an increase in the
Q56: Which of the following is true of
Q57: What could have caused the increase in
Q58: If,in a system of fixed exchange rates,the
Q59: Which of the following is an argument
Q61: Table 11.6 contains hypothetical data for Canada's
Q62: Until the last few years,the trade in
Q63: If the Canadian dollar appreciates in value
Q64: Which of the following would result from
Q65: Table 11.6 contains hypothetical data for Canada's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents