Under the Price-Specie-Flow Mechanism, What Happens When, Say, Great Britain's

question 62

Multiple Choice

Under the price-specie-flow mechanism, what happens when, say, Great Britain's current account surplus is greater than its non-reserve financial account balance?

• A) Great Britain's loans will finance all foreign net imports.
• B) An automatic drop in Great Britain's domestic prices and rise in foreign prices.
• C) Gold reserves will flow into Great Britain.
• D) Gold reserves will flow out of Great Britain.
• E) Great Britain will experience a deficit.

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