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Balance of Payments · Question 51 of 53

Question 51

MediumOriginal question

Read the two statements and choose the correct option.

I. An overall BoP deficit is financed by reserves or official borrowing.

II. In the accounts, total credits in the BoP equal total debits.

Options for question 51

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Accommodating transactions close the gap. I is true.

  2. With accommodating items counted, the BoP balances. II is true.

Concept
Financing and balancing
Typical time
70 s
Your time
—
The rule this testsAutonomous and accommodating; BoP deficit
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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

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