When Economists Talk About a Balance of Payments "Deficit

question 18

Multiple Choice

When economists talk about a balance of payments "deficit, " they refer to:

• A)a net balance in the balance of payments that is less than zero.
• B)a condition in which total debits exceed total credits in the balance of payments.
• C)a deficit in one of the sub-accounts of the balance of payments.
• D)a disequilibrium in the foreign exchange market.
• E)a net loss in the trade of international goods and services.

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