If foreign reserves are fixed,the balance of payments requires that a:

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If foreign reserves are fixed, a country must have a capital surplus when it has a trade deficit. This is because a trade deficit means that the country is importing more goods and services than it is exporting, which leads to a net outflow of domestic currency. In order to maintain fixed foreign reserves, the country must therefore attract capital inflows from abroad to offset the outflow of currency and maintain a balance. This is done through a capital surplus, which can come in the form of investments, loans, or other inflows of foreign currency.

If Foreign Reserves Are Fixed,the Balance of Payments Requires That