Which of the Following Statements Is TRUE

question 12

Multiple Choice

Which of the following statements is TRUE?

• A)The financial account balance is the negative of the current account balance.
• B)A country's balance on current account will be less than its balance on financial account if exchange rates are allowed to float freely.
• C)If the market for a nation's currency is in equilibrium, a financial account surplus necessarily means a current account surplus.
• D)Exchange rates don't affect either financial accounts or current accounts.

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Definitions:

Privileged Position

refers to a status that gives certain individuals or groups advantages or benefits not widely available to others, often due to socio-economic factors, race, or gender.

White Privilege

The societal privileges that benefit white people beyond what is commonly experienced by non-white people under the same social, political, or economic circumstances.

Unearned Advantage

Privileges and benefits one receives without effort or merit simply because of societal biases towards certain groups.

Racial Projects

Racial Projects encompass the socio-political processes that classify human bodies into racial categories, assigning meaning and value, which influence social structures and identities.