If Official Reserves Are Zero,a Current Account Deficit of $1

question 133

Multiple Choice

If official reserves are zero,a current account deficit of $1 million will cause a:

• A) capital account deficit of $1 million.
• B) capital account deficit of more than $1 million.
• C) capital account surplus of $1 million.
• D) balance of payments of -$1 million.

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