Which of the Following Statements Is TRUE

question 95

Multiple Choice

Which of the following statements is TRUE?

• A)An increase in exports causes a balance of payments surplus.
• B)A decrease in exports causes a balance of payments deficit.
• C)A decreases in imports causes a balance of payments surplus.
• D)The balance of payments is always in balance.

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Definitions:

Hostile Divorces

Divorces characterized by intense conflict, antagonism, and disputes between the partners.

Cynical about Love

Holding a belief that love is self-serving and not genuine, often due to negative personal experiences or observations.

Note Payable

A written agreement to pay a certain sum of money to a person or an organization at a certain time, considered a liability for the issuer.

Accounts Payable

Liabilities owed by a company to its suppliers or creditors for goods or services purchased on credit.