A Surplus in the Current Account Means There Will Be

question 126

Multiple Choice

A surplus in the current account means there will be:

• A)a surplus in the financial account.
• B)a deficit in the financial account.
• C)a balanced financial account.
• D)either a surplus or a deficit in the financial account.

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Definitions:

Production

The process of creating goods and services through the combination of labor, materials, technologies, and strategies.

Demand

the quantity of a good or service that consumers are willing and able to purchase at different prices at a given time.

Part Satisfied

Partial fulfillment of a requirement, order, or need, where the entire demand is not completely met.

Retail Price

The price at which a product is sold to the end consumer by a retailer.