A country that experiences a large deficit in the merchandise ...

[corkyiscool3328]

A country that experiences a large deficit in the merchandise trade account should always aim at eliminating this trade deficit by adopting strict foreign trade policies.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a bank is selling Russian rubles (RUB) for 0.16, then the implied ruble price of the dollar is RUB 6.25.
 a. True
  b. False
  Indicate whether the statement is true or false

[cswans24]

Answer to Question 1

False

Answer to Question 2

True