Author Question: When imports of goods exceed exports of goods, the financial account shows a deficit. a. True b. ... (Read 37 times)

CharlieWard · **on:** Jun 30, 2018

When imports of goods exceed exports of goods, the financial account shows a deficit.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When economists talk about a balance of payments deficit, they refer to a condition in which total debits exceed total credits in the balance of payments account.
a. True
b. False
Indicate whether the statement is true or false