Concerning the Balance-Of-Payments, a Current Account Surplus Means an Excess

question 147

True/False

Concerning the balance-of-payments, a current account surplus means an excess of exports over imports of goods, services, investment income, and unilateral transfers.

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Definitions:

Foster Daughter

A female child who is cared for and raised by someone who is not her biological parent, typically as part of a formal or informal foster care arrangement.

Adoptive Father

A man who has become a father through the legal process of adoption, assuming parental responsibilities for a child not biologically his.

Kindertransport

The rescue movement that took place just before World War II, transporting Jewish children from Nazi-occupied territories to safety.

Berkshire Mountains

A highland region in western Massachusetts, known for its scenic beauty and as a popular outdoor recreation area.