A Balance of Payments Surplus Occurs If

question 148

Multiple Choice

A balance of payments surplus occurs if

• A) exports exceed imports.
• B) the supply of a nation's currency exceeds the demand for the currency at the current exchange rate.
• C) the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.
• D) the supply of a nation's currency is equal to the demand for the currency at the current exchange rate.

---

Definitions:

Normal Distribution

In this probability distribution, symmetry is observed around the mean, illustrating that nearer data points are more common than distant ones.

Sample Size

The number of observations or data points collected in a sample from a larger population.

Simple Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen, resulting in a sample that is representative of the population.

Expected Value

The long-run average value of repetitions of the experiment it represents.