A Nation Can Finance a Deficit on Its Current Account

question 120

Multiple Choice

A nation can finance a deficit on its current account with

• A)a surplus on its capital account.
• B)a deficit on its capital account.
• C)official purchases of foreign currencies with its own currency.
• D)purchases of gold from foreign currencies with its own currency.

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Definitions:

Oedipus Complex

A Freudian concept describing a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and ideal standards.

Id

In psychoanalytic theory, the part of the personality structure that contains a person's basic, instinctual drives.

Electra Complex

In psychoanalytic theory, a girl's psychosexual competition with her mother for possession of her father.