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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