Question
(a)Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero (b)It is beginning to appear that
(a)Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero | ||
(b)It is beginning to appear that the favorable inflow on the financial account is diminishing while the current account balance is worsening - making the U.S. a bigger debtor nation vis--vis the rest of the world | ||
(c)It is incorrect to state that the BOP is in disequilibrium | ||
d)A nation's balance of payments interacts with nearly all of its key macroeconomic variables, such as Gross Domestic Product (GDP), The exchange rate, Interest rates, and Inflation rates | ||
(e)The BOP is a balance sheet, it add up the value of all assets and liabilities of a country on a specific date (as an individual firm's balance sheet would do) |
Which statement is NOT true?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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