If a Nation's Current Account Balance Is -$20 Billion,while Its

Multiple Choice

If a nation's current account balance is -$20 billion,while its capital and financial account balance is +$17.5 billion,we can conclude with certainty that this nation is experiencing a:

A) merchandise trade deficit
B) merchandise trade surplus
C) reduction in its stock of foreign currency reserves
D) balance-of-payments surplus
E) deficit on its non-merchandise transactions