A Balance of Payments Deficit Is Associated with a ________

question 43

Multiple Choice

A balance of payments deficit is associated with a ________ of international reserves,while a balance of payments surplus is associated with a ________.

• A)loss;loss
• B)loss;gain
• C)gain;loss
• D)gain;gain

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Definitions:

Credit Policy

The guidelines a company follows to decide the amount and terms of credit to extend to customers.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Raw Materials Inventory

Items and components that are stored and eventually used in the production process to create finished goods.

Newell and Company

A multinational manufacturer and marketer of consumer and commercial products with a portfolio of well-known brands across various segments.