Solved

If, in a Country's Balance of Payments Statement, the Merchandise

Question 12

Multiple Choice

If, in a country's balance of payments statement, the merchandise trade balance is $-100, services exports and factor income receipts from abroad in total exceed services imports and factor income payments abroad by $25, unilateral transfers made exceed unilateral transfers received by $15, and the long-term financial account has debits exceeding credits by $30, then the country's balance on current account is


A) $-120.
B) $-90.
C) $-75.
D) $-60.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions