A country experienced a deficit on each of its trade in goods, primary income and secondary income. Overall, it had a surplus on the current account of its balance of payments. What must this mean?
A.
It had a floating exchange rate.
B.
It had a surplus on its trade in services.
C.
It had a surplus on the government's budget.
D.
It was a low-income country.
Exam No：0455_m21_qp_12 Year：2021 Question No：30
Answer:
B
Knowledge points:
6.4.2 causes of current account deficit and surplus
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download