Asked by Taylor Marler on Jul 27, 2024
Verified
A nation's annual balance of payments statement must always balance because
A) a nation's imports are limited to the value of its exports.
B) a nation's exports and imports are always paid with dollars.
C) all international transactions must be settled in one way or another.
D) a trade deficit must be matched by an equal surplus of investment income.
Balance Of Payments
Documentation of every economic exchange between the people of a nation and international counterparts within a designated period.
International Transactions
Economic exchanges between countries, including the transfer of goods, services, capital, and payments across national borders.
Trade Deficit
A situation in which a country's imports of goods and services exceed its exports.
- Identify and explain the impact of international transactions on a nation's balance of payments.
Verified Answer
Learning Objectives
- Identify and explain the impact of international transactions on a nation's balance of payments.
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