Which of the following is false?
A) a net debit balance in the current and capital accounts measures the surplus in the nation's balance of payments
B) a balance of payments deficit must be settled by a net credit in the official reserve account
C) a deficit in the balance of payments can be measured by the excess of credits over debits in the official reserve account
D) a net debit balance in the official reserve account refers to a surplus

Question

Quizplus · Accepted Answer

A net debit balance in the current and capital accounts indicates a deficit, not a surplus, in the nation's balance of payments.

Which of the Following Is False