The BOP Must Be in Balance, but the Current Account

question 21

True/False

The BOP must be in balance, but the current account need not be.

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Definitions:

Grit

A personality trait characterized by perseverance and passion for long-term goals, often associated with resilience in overcoming obstacles.

Global Entrepreneurship Monitor

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The cognitive state and planning towards the creation of new business ventures or the introduction of innovations within existing enterprises.

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