The Balance of Payments as Applied to a Course in International

question 9

Multiple Choice

The balance of payments as applied to a course in international finance may be defined as:

• A) the amount still owed by an exporting firm after making an initial down payment.
• B) the amount still owed by governments to the International Monetary Fund.
• C) the measurement of all international economic transactions between the residents of a country and foreign residents.
• D) the amount of a country's merchandise trade deficit or surplus.

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