If Net Interest and Net Transfers Are $0, and a Nationʹs

question 345

Multiple Choice

If net interest and net transfers are $0, and a nationʹs purchases of foreign goods and services are
$3) 5 billion while its sales of goods and services to foreigners are $4.5 billion,

• A) it has a $1 billion surplus in its balance of payments.
• B) its capital and financial account shows a surplus.
• C) it has a $1 billion surplus in its current account.
• D) it has a $1 billion deficit in its current account.

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