The balance of trade is a record of ?

Which of the following statements is correct ?

A. If the current accounts is in surplus then the capital account must also be in surplus

B. If the current account is in deficit then the capital account must also be in deficit

C. The overall sum of all the entries in the balance of payments must be positive

D. The overall sum of all entries in the balance of payments must be zero

The differences between a country’s merchandise exports and its merchandise imports is the ?

A. balance of payments

B. capital account

C. current account

D. balance of trade

_______ is needed to balancell the balance of payments statements?

A. credit transactions

B. debit transactions

C. unilateral transfers

D. statistical discrepancy

Historically countries at early stages of rapid economic development have tender to experience ?

A. trade deficit and an excess of investment over domestic saving

B. trade surplus and an excess of investment over domestic saving

C. trade deficits and an excess of domestic savings over investment

D. trade surpluses and an excess of domestic saving over investment

When a country has a trade deficit it ?

A. purchases more stocks and bonds from the rest of the world than it sells

B. purchases more goods from the rest of the world than it sells

C. sells more goods to the rest of the world than it purchases

D. sells more stocks and bonds to the rest of the world than it purchases