A country with an official settlements balance of zero and a negative current account balance is a
A) net creditor.
B) net lender.
C) net borrower.
D) net saver.
E) None of the above answers is correct because it is not possible to have an official settlements balance of zero and a negative current account balance.
C
Economics
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Net revenue is defined as
A) marginal revenue minus marginal cost. B) total revenue minus marginal cost. C) total revenue minus total cost. D) gross revenue minus depreciation.
Economics
The price level is 3, total output is 500, and the money supply is 200. The velocity of money is
A) 7.5. B) 2.5. C) 2.0. D) None of the above.
Economics