Multiple Choice
According to the monetary approach to the balance of payments,a deficit in the nation's balance of payments results from:
A) an excess in the nation's stock of money supply that is not eliminated or corrected by the nation's monetary authorities
B) an excess in the stock of money demanded in the nation that is not satisfied by domestic monetary authorities
C) an excess in the stock of money demanded in the other nation that is not satisfied by the other nation's monetary authorities
D) an excess of imports over exports in the nation
Correct Answer:
Verified
Correct Answer:
Verified
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