A country has a negative balance of trade it means the balance of payments on current account
A. Should also be negative
B. Should be positive
C. May be positive or negative
D. Should be same as balance of trade
Answer: Option D
Solution (By Examveda Team)
A country has a negative balance of trade it means the balance of payments on current account should be same as balance of trade. The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments.This Question Belongs to Management >> International Finance And Treasury
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