If the U.S.current Account Balance Is Negative

question 105

Multiple Choice

If the U.S.current account balance is negative,

• A) its financial account is likely to be positive.
• B) its financial account is likely to be negative.
• C) it must use official settlements to balance its payments.
• D) its balance of payments cannot be zero.

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Definitions:

Collecting Bank

A financial institution involved in processing items for payment, such as checks, on behalf of a depositor.

Collecting Bank

A bank that handles the processing of payments (like checks) on behalf of the payee or a client bank.

Material Alteration

A substantial change to a document or agreement that affects its essence or legal effectiveness.

Genuine Signatures

Authentic and original signatures that verify the identity of signatories and their intent.