Under the Price-Specie-Flow Mechanism,what Happens When,say,Germany's Current Account Surplus Is

question 61

Multiple Choice

Under the price-specie-flow mechanism,what happens when,say,Germany's current account surplus is greater than its non-reserve capital account deficits?

• A)German loans will finance all foreign net imports.
• B)Automatic drop in German domestic prices and rise in foreign prices.
• C)Gold reserves will flow into Germany.
• D)Gold reserves will flow out of Germany.
• E)Germany will experience a deficit.

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