Advanced Questions

1:

In the balance of payments, the statistical discrepancy is used to

A.

insure that the sum of all debits matches the sum of all credits

B.

insure that trade imports equal the value of trade exports

C.

obtain an accurate account of a balance-of-payments deficit

D.

obtain an accurate account of a balance-of-payments surplus

 

Answer : A

Explanation :

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Option: A

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