Question

Identify which of the following statement is true relating to deficit in
balance of payment account: (Choose the correct alternative)
a) Payments of the country exceed receipts of thecountry.
b) Payments and receipts of the country are balanced
c) There is an increase in the official reserves of the country.
d) Payment of the country are less than receipts of the country​

Answer 1

Answer:

Option B (Payments and receipts of the country are balanced) is the correct answer

Explanation:

Please mark me as the Brainliest answer

Answer 2

Answer:

The correct answer is (a)

Explanation:

(a) Payments of the country exceed receipts of the country