Multiple Choice
The meaning behind "the balance of payments must balance" is that
A) a deficit in either the current or capital account must be offset by an equal surplus in the other account.
B) income inflows must equal income outflows.
C) imports always equal exports.
D) net transfers equal the trade balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: If China has a current account surplus,
Q23: The account that summarizes the flow of
Q24: If a certain country is undergoing inflation,
Q25: Inflation in one country causes its currency
Q26: The balance on income equals<br>A) income payments
Q28: (Table) The capital account balance must be
Q29: Depreciation of a nation's currency would increase
Q30: A change in the exchange rate affects
Q31: The real exchange rate between the currencies
Q32: In recent years, China has helped make