Consider a Country's Balance of Payments

question 69

Multiple Choice

Consider a country's balance of payments.An excess of payments over receipts on the current account

• A)must equal the net debit balance of the capital account.
• B)must equal the net credit balance of the current account.
• C)is not possible.
• D)must be matched by an excess of payments over receipts on the capital account.
• E)must be matched by an excess of receipts over payments on the capital account.

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Definitions:

Asset

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Life Estimate

A projection or approximation of the duration or longevity of an entity, product, or component.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity.

Investment Value

The worth of an asset or company to a particular investor, considering individual investment requirements and expectations.