A Country's Balance of Payments Is Sometimes Incorrectly Said to Be

question 152

Multiple Choice

A country's balance of payments is sometimes incorrectly said to be "in surplus." This usually refers to a situation where

• A)total credits exceed total debits.
• B)the government is increasing its holding of foreign-currency reserves.
• C)the official financing account is also in surplus.
• D)the official financing accounts show a decrease in the stocks of official reserves.
• E)credits exceed debits on the capital account only.

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Definitions:

Greater Tubercle

A large, bony prominence on the lateral portion of the humerus (upper arm bone), to which several shoulder muscles attach.

Olecranon

The bony prominence of the elbow, found at the upper end of the ulna, where it forms part of the elbow joint.

Appendicular Skeleton

The portion of the skeleton that includes the bones of the upper and lower limbs, and the girdles (shoulder and pelvic) that connect them to the axial skeleton.

Bones

The hard, dense connective tissue forming the skeleton of most vertebrates, serving as a framework for the body and protecting vital organs.