If a Nation Has a Surplus in Its Current Account,​

question 15

Multiple Choice

If a nation has a surplus in its current account,​
1) it exports fewer goods than it imports
2) it exports more goods than it imports
3) the value of its currency should fall
4) the value of its currency should rise

• A)​1 and 3
• B)​1 and 4
• C)​2 and 3
• D)​2 and 4

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Definitions:

Settle

To resolve or conclude an agreement or debt, often implies paying off a balance owed.

Invoice

A document sent by a seller to a buyer, detailing a transaction and requesting payment.

Payment

The action or process of paying someone or something or the amount paid.

Cash Discount

A discount allowed for a payment within the discount period.