The Sum of the Current Account, Capital Account, and Official

question 330

Multiple Choice

The sum of the current account, capital account, and official settlements account is

• A) a negative number if the country has a trade deficit.
• B) always equal to zero.
• C) a positive number if the country has a trade surplus.
• D) positive or negative depending on whether the domestic exchange rate is appreciating or depreciating.

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Definitions:

Biotransformation

The chemical alteration of substances within the body, such as the metabolizing of medications or toxins by the liver.

Alcohol

A psychoactive substance that is widely consumed in various cultures for its intoxicating effects, but can lead to dependence and health problems when abused.

GABA

Gamma-aminobutyric acid, a neurotransmitter in the brain that helps regulate nervous system activity.

Boundary Crossing

Instances where professional boundaries are adjusted for the client's benefit, without exploiting the client or creating harm.