When all of the debit or credit items in the balance of payments are combined:
A) Merchandise imports equal merchandise exports
B) Capital imports equal capital exports
C) Services exports equal services imports
D) The total surplus or deficit equals zero

Question

Quizplus · Accepted Answer

When all the debit or credit items in the balance of payments are combined, the total surplus or deficit must equal zero due to the double-entry accounting system. For every debit, there must be a corresponding credit entry, which means that the sum of all debits must equal the sum of all credits. Therefore, the correct answer is D.

When All of the Debit or Credit Items in the Balance