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True or False
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1.
A country with a current account surplus is saving more than its domestic capital formation.
A)TRUE
B)FALSE
2.
A country's international investment position shows the extent of official intervention in the foreign exchange market.
A)TRUE
B)FALSE
3.
A debit on the balance of payments represents a flow for which the country is paid.
A)TRUE
B)FALSE
4.
If you receive a £300 check from your aunt in London, the value of that check will appear in the unilateral transfers category of the U.S. balance of payments.
A)TRUE
B)FALSE
5.
Over the last twenty years, the U.S. merchandise trade balance has tended to be further in deficit than the U.S. goods and services balance.
A)TRUE
B)FALSE







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