Which of the following is a deficit item in balance of payments accounts?
A) A Canadian firm sells a product to a Mexican firm.
B) An Italian tourist in Victoria purchases a beach ball.
C) A Spaniard buys 100 shares of Toronto Dominion stock.
D) A Canadian buys gold from the Japanese central bank.
Correct Answer:
Verified
Q7: The balance of trade is defined as
A)the
Q8: When the value of exports equals the
Q9: Which of the following would contribute to
Q10: Which of the following would contribute to
Q11: Current account transactions are all payments and
Q14: An example of a transaction that will
Q15: When the balance of trade is in
Q16: If there is a negative sign in
Q17: If there is a positive sign in
Q44: Any transaction that leads to a payment
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