If a country has a balance of payments surplus on current account, this means that?...
ECONOMICS
JAMB 1998
If a country has a balance of payments surplus on current account, this means that?
- A. total invisible export is greater than invisible import
- B. the value of goods exported must be greater than the value of goods imported
- C. there must be a positive balance of capital account
- D. the aggregate of the balance of trade and the invisible balance must be positive
Correct Answer: D. the aggregate of the balance of trade and the invisible balance must be positive
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