Multiple Choice
A country's balance of payments is sometimes incorrectly said to be "in deficit." This statement often refers to a situation where
A) total debits exceed total credits.
B) the official financing account is in surplus.
C) the official financing account is also "in deficit."
D) the government is increasing its stock of foreign-exchange reserves.
E) debits exceed credits on the capital account only.
Correct Answer:
Verified
Correct Answer:
Verified
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