A Country's Balance of Payments Is Sometimes Incorrectly Said to Be

question 93

Multiple Choice

A country's balance of payments is sometimes incorrectly said to be "in deficit." This statement often refers to a situation where

• A)total debits exceed total credits.
• B)the official financing account is in surplus.
• C)the official financing account is also "in deficit."
• D)the government is increasing its stock of foreign-exchange reserves.
• E)debits exceed credits on the capital account only.

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Definitions:

Cognitive Therapy

A type of psychotherapy that aims to change negative patterns of thinking or behavior to treat psychological disorders and improve mental health.

Psychoanalysis

A therapeutic approach and theory of psychological disorders that emphasizes the role of unconscious factors in determining behavior, founded by Sigmund Freud.

Undesirable Behavior

Actions or conduct that are considered inappropriate, unacceptable, or harmful in a given context or society.

Anxiety-Triggering

Refers to actions, events, or stimuli that provoke anxiety responses in individuals.