Within the Balance of Payments,a Current Account Deficit Is Offset

question 85

Multiple Choice

Within the balance of payments,a current account deficit is offset by a:

• A)financial account deficit.
• B)financial account surplus.
• C)budget deficit.
• D)budget surplus.

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Definitions:

Norm Of Reciprocity

A social rule that suggests people should return favors and positive gestures with similar actions, fostering mutual cooperation and support.

Interest

The feeling of wanting to know or learn about something or someone.

Formal Leadership

Leadership that is officially sanctioned by an organization and comes with designated authority and responsibilities.

Formal Authority

Power or right granted to an individual or organization to make decisions, issue commands, and enforce obedience, typically within a hierarchical structure.