The Balance of Payments Has to Be Shown with a Balancing

question 69

Multiple Choice

The balance of payments has to be shown with a balancing item because:

• A) foreign portfolio investment usually goes unrecorded.
• B) illegal transactions in the international trade market are not recorded.
• C) under a dirty float, the balance of payments is zero.
• D) under a fixed exchange rate regime, the balance of payments is zero.

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Definitions:

Middle Adulthood

A stage of life, often defined as ranging from about 40 to 65 years old, characterized by stability, maturity, and increased focus on personal and professional achievements.

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire to maintain positive social relations.

Conscientiousness

A personality trait characterized by being organized, responsible, and reliable, showing self-discipline, and aiming for achievement against measures or outside expectations.

Career Consolidation

A stage in adult development focused on establishing one's career and integrating it into one's identity and life structure.