A Country's Trade Balance Is in Surplus When

question 28

Multiple Choice

A country's trade balance is in surplus when

• A) its exports are more than its imports.
• B) it experiences negative inflation.
• C) its exports equal the imports.
• D) the prices of commodities are low in the country.

---

Definitions:

Stop Payment

An order issued to a bank by an account holder not to pay a specific check that has been written and issued but not yet cashed.

Secondhand Car

A vehicle that has had one or more previous owners before the current possession.

Acceptor

A drawee of a draft who has promised to honor the draft as presented by signing it on its face.

Draft

A written order by which the party creating it orders another party to pay money to a third party. Also called bill of exchange.