In the Balance of Payments, If There Are No Statistical

question 270

Multiple Choice

In the balance of payments, if there are no statistical errors or discrepancies, which of the following is TRUE of the sum of the capital account balance, the current account balance, and the official reserve transactions account balance?

• A)This sum is either positive or negative, depending on whether the sum of all surplus and deficit items associated with cross-border transactions is positive or negative.
• B)This sum must always be zero, because the sum of all surplus and deficit items associated with cross-border transactions must equal zero.
• C)This sum is positive only if the U.S. government operates with a budget surplus.
• D)This sum is positive only if the U.S. government operates with a budget deficit.

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Definitions:

Values

The deeply held beliefs and principles that guide an individual's actions and judgments about what is important in life.

Religion Promotes

Religion often promotes moral values, community cohesion, and a sense of purpose and belonging among its adherents, influencing individual behavior and societal norms.

Stratification

The hierarchical arrangement of individuals in a society, often based on factors like wealth, power, and prestige.

Subordination

The condition of being lower in rank or position, or the process of placing someone or something in such a lower position.