When a Nation Is Said to Be Running a Balance

question 54

Multiple Choice

When a nation is said to be running a balance of payments surplus,this means its

• A) official settlements balance is positive.
• B) trade balance is positive.
• C) net financial account balance is positive.
• D) current account is positive.

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Definitions:

Group Membership

Involves belonging to a specific collection of individuals who share common interests, goals, or characteristics.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, where individuals adopt the cultural traits or social patterns of another group.

Religiosity

The intensity of religious feelings or commitment.

Economic Support

Financial assistance or resources provided to individuals, organizations, or economies to promote stability and growth.