When Is a Balance of Payments Account Out of Balance

question 153

Multiple Choice

When is a balance of payments account out of balance?

• A)only when exports are greater than imports
• B)only when imports are greater than exports
• C)when exports are either greater or less than imports
• D)only when exports are greater or less than imports over a sustained period
• E)never

Comprehend the principles and applications of the molecular clock hypothesis.

Differentiate between true and false statements regarding biological classification and evolutionary biology.

Understand how phylogenetic analyses can be used to reconstruct ancestral species and their traits.

Grasp the concept of sensory exploitation hypothesis and its implications in animal behavior.

---

Definitions:

Interest Rates

The price, expressed as a percentage of the principal, that a lender demands from a borrower for the borrowing of assets.

Frederick Macaulay

An economist known for pioneering the concept of bond duration, which measures the sensitivity of a bond's price to changes in interest rates.

Duration Concept

A measure of the sensitivity of a bond's price to changes in interest rates, gauging how much a bond's price will change for a given fluctuation in rates.

Price Volatility

The degree of variation in the price of a financial instrument, commodity, or market index over time, often measured by the standard deviation of returns.