Any action that gives rise to a supply of foreign currency is a

A) deficit item on the current account and a surplus item on the financial and capital accounts.
B) surplus item on the current account and a deficit item on the financial and capital accounts.
C) surplus item on the current, financial, or capital account.
D) deficit item on the current, financial, or capital account.

C

Economics

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If the quantity supplied exceeds the quantity demanded, then there is

A) a shortage and the price is below the equilibrium price. B) a shortage and the price is above the equilibrium price. C) a surplus and the price is below the equilibrium price. D) a surplus and the price is above the equilibrium price.

Economics

In the production possibilities framework, economic growth is depicted by the PPF

What will be an ideal response?

Economics