When a Balance of Payments Trade Balance Is in a Surplus

question 26

Multiple Choice

When a Balance of Payments trade balance is in a surplus position,

• A) another trade or service account must balance it.
• B) the entire balance of payments will be in a surplus position.
• C) other accounts or capital movements offset the surplus to provide a balance.
• D) a shift of capital must balance the trade surplus.

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount in a given period.

Occupancy Costs

Expenses related to occupying a space, including rent, utilities, and other facility-related costs.

Spending Variance

The difference between the actual spending and the budgeted or planned spending in a given period.

Revenue Variance

The difference between the actual revenue earned and the expected revenue according to budget.