The Meaning Behind "The Balance of Payments Must Balance" Is

question 27

Multiple Choice

The meaning behind "the balance of payments must balance" is that

• A) a deficit in either the current or capital account must be offset by an equal surplus in the other account.
• B) income inflows must equal income outflows.
• C) imports always equal exports.
• D) net transfers equal the trade balance.

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Definitions:

Select Query

A database query that retrieves specific data from one or more tables according to defined criteria.

Update Query

A type of query in a database management system that is used to modify the values of fields in existing records.

Update

The process of modifying existing data or software to bring it to a newer state or version.

Manager's Name

A data field intended to store the name of a person who holds a managerial position within an organization.