If a Nation's Current Account Balance Is -$20 Billion,while Its

question 9

Multiple Choice

If a nation's current account balance is -$20 billion,while its capital and financial account balance is +$17.5 billion,we can conclude with certainty that this nation is experiencing a:

• A)merchandise trade deficit
• B)merchandise trade surplus
• C)reduction in its stock of foreign currency reserves
• D)balance-of-payments surplus
• E)deficit on its non-merchandise transactions

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Definitions:

Serial-Position Effect

The tendency for individuals to recall the first and last items in a series best, and the middle items worst.

Fraternity Members

Individuals who are members of a fraternity, a social organization typically found in colleges or universities.

Retroactive Interference

The process by which newly learned information makes it harder to recall information that was learned earlier.

Massed Practice

A learning strategy that involves intensive, continuous sessions of practice or study with little to no rest between sessions.