When the Balance-Of-Payments Accounts Are Recorded Correctly, the Combined Balance

question 62

Multiple Choice

When the balance-of-payments accounts are recorded correctly, the combined balance of the current account, the capital account, and the reserves account must be

• A)equal in magnitude to the country's national debt.
• B)zero.
• C)equal in magnitude to the Trade Deficit or Surplus.
• D)none of the above

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Definitions:

Testes

The male gonads located in the scrotum, responsible for producing sperm and the hormone testosterone.

Embryo

The early stage of development in multicellular organisms after fertilization, during which the organism undergoes rapid cell division and differentiation.

Spina Bifida

A birth defect where there is incomplete closing of the backbone and membranes around the spinal cord.

Amniocentesis

A medical procedure used in prenatal diagnosis where a small amount of amniotic fluid is sampled from the amniotic sac surrounding a developing fetus.