Which of the Following Statements Is TRUE

question 99

Multiple Choice

Which of the following statements is TRUE?

• A)A country runs a capital account deficit if it imports more than it exports.
• B)If the current account is in surplus,the capital account must be in deficit.
• C)The overall sum of all the entries in the balance of payments must be positive.
• D)A country runs a current account surplus if it sells more of its assets abroad than it buys abroad.

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Definitions:

Consulting Engagement

Involves hiring external experts to provide insights, advice, and solutions for specific organizational challenges.

Banking Law

The field of law that deals with banking and the regulation of financial institutions.

Finally Paid

Pertains to a payment or series of payments that concludes an outstanding obligation or debt, leaving no balance.

Encoding Warranties

Guarantees or assurances typically afforded to a product or service, presumed to follow standard encoding or presentation norms.