Which of the Following Is a Deficit Item in Balance

question 52

Multiple Choice

Which of the following is a deficit item in balance of payments accounts?

• A)A Canadian firm sells a product to a Mexican firm.
• B)An Italian tourist in Victoria purchases a beach ball.
• C)A Spaniard buys 100 shares of Toronto Dominion stock.
• D)A Canadian buys gold from the Japanese central bank.

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Definitions:

Volcanoes

Openings in the Earth's surface from which lava, ash, and gases erupt.

Sea Level

The average height of the ocean's surface, used as a standard base measurement for elevations and depths on Earth.

Plate Boundary

The edges where two tectonic plates meet, which can be divergent, convergent, or transform, leading to various geological phenomena such as earthquakes and volcanic activity.

Oceanic Transform Plate Boundary

This is a type of plate boundary where two tectonic plates slide past each other horizontally, often causing earthquakes.