When Economists Talk About a Balance of Payments "Deficit

Multiple Choice

When economists talk about a balance of payments "deficit, " they refer to:

A) a net balance in the balance of payments that is less than zero.
B) a condition in which total debits exceed total credits in the balance of payments.
C) a deficit in one of the sub-accounts of the balance of payments.
D) a disequilibrium in the foreign exchange market.
E) a net loss in the trade of international goods and services.