13. Topic 13(COLON) International Trade, the Balance of Payments and Exchange Rates

Lesson 13.3: The Balance Of Payments — Quiz

Test your understanding of lesson 13.3: the balance of payments with 5 practice questions.

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Practice Questions

Question 1

What are the three primary accounts included in the balance of payments?

Question 2

Which of the following statements best describes the current account of the balance of payments?

Question 3

If a country has a persistent current-account deficit, which of the following is a potential consequence?

Question 4

What is one policy a government might adopt to correct a current-account surplus?

Question 5

How does a change in the exchange rate typically influence the current account?
Lesson 13.3: The Balance Of Payments Quiz — Economics | A-Warded