3 Questions
What does a surplus in the balance of payments indicate?
The country is exporting more than it is importing
What is the balance of payments?
The record of all economic transactions between residents of a country and the rest of the world
What does the capital account in the balance of payments record?
International investment and borrowing
Test your knowledge of balance of payments with this quiz! Learn about what the balance of payments is, how a surplus indicates economic health, and what the capital account records.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
