Suppose That There Is a Current Account Deficit of $250

question 162

Multiple Choice

Suppose that there is a current account deficit of $250 billion and a financial account surplus of $260 billion. It may be concluded that the

• A) overall balance of payments is +10.
• B) overall balance of payments is -10.
• C) official reserve transaction account balance is +10.
• D) official reserve transaction account balance is -10.

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Definitions:

Communication Skills

The ability to convey information effectively and efficiently, both verbally and non-verbally, to a range of audiences.

Competitive Skill

A rephrased definition: An attribute or capability that gives an individual or entity an edge over rivals in a competitive environment.

Process Skills

The abilities required to manage and execute processes in an organization efficiently, including planning, monitoring, and optimizing various operational or production processes.

Negotiating Skills

The abilities required to effectively discuss, persuade, and come to mutually beneficial agreements or solutions between parties.