The Net Balance of Payments Is

question 64

Multiple Choice

The net balance of payments is

• A)The difference between exports and imports.
• B)The difference between the current account balance and the capital account balance.
• C)The sum of the current account balance and the trade account balance.
• D)The sum of the current account balance and the capital account balance.

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Definitions:

Competitive Result

The outcome of a contest or competition where participants strive against each other to achieve superiority or a victory.

Self-Confidence

The belief in one's own abilities, qualities, and judgment.

Self-Efficacy

A person's confidence in their ability to perform actions required to achieve certain outcomes.

Collective Efficacy

The shared belief in a group's collective ability to organize and execute the courses of action required to achieve given goals.