Multiple Choice
Use the following terms and determine which of the following choices is wrong? Balance of current account (CA)
Balance in capital account (KA)
Change in official international reserves (?OR)
A) If CA is -5 and KA is +3, then ?OR is -2.
B) CA + KA - ?OR = zero.
C) If CA is +5 and KA is -3, then ?OR is +2.
D) If CA is +5 and KA is -3, then the balance of payment can be positive, negative or zero.
Correct Answer:
Verified
Correct Answer:
Verified
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