Balance of payments deficit means that: A) foreign borrowing and ...

[james]

Balance of payments deficit means that:
 A) foreign borrowing and lending are excluded from calculating the balance of payments.
  B) more money flows in than out.
  C) more money flows out than in.
  D) foreign payments and receipts are excluded from calculating the balance of payments.

Question 2

The United States is a member of the ____, which is the successor to GATT.
 A) World Trade Organization
  B) North American Free Trade Agreement
  C) United Nations
  D) Economic Community
  E) Kennedy Round

[HandsomeMarc]

Answer to Question 1

C

Answer to Question 2

A