A Balance of Payments Deficit Occurs If

question 17

Multiple Choice

A balance of payments deficit occurs if

• A) exports exceed imports.
• B) the supply of a nation's currency exceeds the demand for the currency at the current exchange rate.
• C) the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.
• D) the supply of a nation's currency is equal to the demand for the currency at the current exchange rate.

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