Which of the Following Is False

question 12

Multiple Choice

Which of the following is false?

• A) a net debit balance in the current and capital accounts measures the surplus in the nation's balance of payments
• B) a balance of payments deficit must be settled by a net credit in the official reserve account
• C) a deficit in the balance of payments can be measured by the excess of credits over debits in the official reserve account
• D) a net debit balance in the official reserve account refers to a surplus

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