The Major Factor Affecting a Nation's Balance of Payments Is

question 7

Multiple Choice

The major factor affecting a nation's balance of payments is

• A) an increase in its rate of unemployment.
• B) its rate of inflation relative to the rate of inflation of its trading partners.
• C) a change in the productivity of its labor.
• D) its stock market movements.

---

Definitions:

Convert

To change something into a different form or properties, often used in context with currency, securities, or data transformation.