Which of the Following Statements Defines Trade Balance

question 47

Multiple Choice

Which of the following statements defines trade balance?

• A)The trade balance is the sum of the services balance,the current account balance,and the capital account balance.
• B)The trade balance is merchandise exports minus merchandise imports.
• C)The trade balance is the sum of the current account balance and the capital account balance.
• D)The trade balance is foreign purchases of domestic assets minus domestic purchases of foreign assets.
• E)The trade balance is the sum of the services balance and the capital account balance.

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