Multiple Choice
Ahmed is working and is spending more than he is earning by using his savings to make up the difference. Which of the following statements is TRUE?
A) Ahmed is in equilibrium since he pays all of his bills.
B) Ahmed is in disequilibrium.
C) By using savings Ahmed is using special drawing rights.
D) By using savings Ahmed has caused the balance of payments to go into a deficit situation.
Correct Answer:
Verified
Correct Answer:
Verified
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