Balance of Payments Quiz
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Questions and Answers

Which sector's trades are accounted for in the Balance of Payments (BOP)?

  • Both private and public sector trades (correct)
  • Only public sector trades
  • Only private sector trades
  • Only international sector trades

    • How often is the BOP usually calculated?

  • Every quarter (correct)
  • Every month
  • Every 5 years
  • Every year

    • What is the term used for a transaction where a country has received money?

  • Surplus
  • Deficit
  • Debit
  • Credit (correct)

    • What is the term used for a transaction where a country has paid or given money?

    <p>Debit (A)</p> Signup and view all the answers

    What should the BOP theoretically be?

    <p>Zero (C)</p> Signup and view all the answers

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