Ceteris Paribus,with a Fixed Exchange Rate,if People in Argentina Decide

question 131

Multiple Choice

Ceteris paribus,with a fixed exchange rate,if people in Argentina decide to buy more Russian oil,this causes a market ________ of Russian currency and creates a balance-of-payments ________ for Russia.

• A)surplus;deficit
• B)shortage;deficit
• C)surplus;surplus
• D)shortage;surplus

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Definitions:

Goods In Transit

Items that have been shipped by a seller but not yet received by the buyer, existing in a limbo state on the balance sheet until delivery.