The Balance of Payments

question 67

Multiple Choice

The balance of payments:

• A) can only be expanded when the government has foreign exchange reserves.
• B) is always zero
• C) with some nations is different than it is with others
• D) is negative when the nation runs a trade deficit

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Definitions:

Promissory Note

A budgetary instrument which holds a written assurance from one party to compensate another with a predetermined sum of money, either instantly on demand or at a pre-agreed date.

Missing Value

A data point or entry that is not recorded or absent in a dataset.

Promissory Note

A signed document containing a written promise to pay a stated sum to a specified person at a specified date or on demand.

Missing Value

The unavailability or lack of specific information that is expected to be in a dataset, record, or analytical equation.