If a Country Runs a Deficit in Its Current Account

question 155

Multiple Choice

If a country runs a deficit in its current account, it is because

• A)exports exceed imports
• B)imports exceed exports
• C)net unilateral transfers are negative
• D)foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers
• E)foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers

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Definitions:

Traumatic Experiences

Events or situations that are deeply distressing or disturbing, often leading to long-term psychological impact.

Psychological Functioning

Refers to the composite of mental processes involved in perception, memory, judgment, and reasoning, as well as emotional, personality, and interpersonal relationships.

Schema

A cognitive framework or concept that organizes and interprets information in the brain, helping to understand and respond to the environment.

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A broad structure or set of guidelines designed to outline approaches or methods within a particular field or for a specific process.