When imports of goods exceed exports of goods, the financial ...

[CharlieWard]

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

[pocatato]

Answer to Question 1

False

Answer to Question 2

False

[CharlieWard]

Wow, this really help

[nathang24]

Thanks for the timely response, appreciate it