Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The balance of payments must always balance, because: A.current account deficits automatically generate transfer of assets from foreigners. B.capital account surplus means the outflow of
The balance of payments must always balance, because:
- A.current account deficits automatically generate transfer of assets from foreigners.
- B.capital account surplus means the outflow of capital.
- C.current account surpluses automatically generate transfer of assets to foreigners.
- D.current account deficits automatically generate transfer of assets to foreigners while current account surpluses automatically generate transfer of assets from foreigners.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started