Which of the Following Statements Is True

question 189

Multiple Choice

Which of the following statements is true?

• A) A country runs a capital account deficit if it imports more than it exports.
• B) If the current account is in surplus, the capital account must be in deficit.
• C) The overall sum of all the entries in the balance of payments must be positive.
• D) A country runs a current account surplus if it sells more of its assets abroad than it buys abroad.

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Definitions:

Angry Mob

A large, disorderly, and often violent crowd of people typically expressing or intending to cause harm or chaos.

Colonists

Individuals who settle in a new territory or colony, often leaving their homeland to form a new community or society.

Colonial Protesters

Individuals in a colony who demonstrate or agitate against the established rule or policies, often seeking independence or change.

Stamp Act

A 1765 British law that imposed a tax on the colonies by requiring many printed materials in the colonies to be produced on stamped paper from London, carrying an embossed revenue stamp.