Which of the Following Statements Is Incorrect with Respect to the Balance

question 33

Multiple Choice

Which of the following statements is incorrect with respect to the balance of payments?

• A)It constitutes a record of transactions between residents within one country.
• B)It consists of a current account, a capital account, and an account to record omissions and errors.
• C)Transactions that result in a demand for domestic currency are always entered as a credit.
• D)It must balance in the aggregate, but separate accounts can show deficits or surpluses.
• E)It constitutes a record of a country's trade in goods and services and financial assets.

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Definitions:

Bronchiole

Small airways in the lungs that branch from the bronchi and lead to the alveolar sacs, facilitating the exchange of oxygen and carbon dioxide.

Respiratory System

The bodily system consisting of organs and structures used for breathing, including the lungs, bronchi, trachea, and diaphragm.

Left Lung

The lung located on the left side of the thorax, slightly smaller than the right lung to accommodate the heart.

Respiratory Disorders

A group of diseases affecting the lungs and airways, leading to breathing difficulties. Examples include asthma, COPD, and pulmonary fibrosis.