Question

A country that pays out more for imports more than it receives for exports is
said to have

A. a negative balance of payments

B. a positive balance of trade

C. a negative currency balance

D. a positive balance of payments

Answer 1

smilebassett :

C. a negative currency balance

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Answer 2

A Country that pays out more for imports more than it receives for its exports is said to have a Negative Currency Balance.

What is Imports?

Import is the process of buying goods from a foreign country in order to fulfill the needs and demands of own country or to resell such products to gain commission.

What is Exports?

Selling of Goods from own country to another country is known as Export. It is done when a country produces any commodity in excess quantity and wants to sell it worldwide.

What is Negative Currency Balance?

Negative Currency Balance refers that the outflow of money is more that inflow which means import is more that export. It results to the increase of Assets of that foreign country and negative capital balance of the own country.

Hence Option C is the correct answer.

To learn more about Negative Currency Balance, click here,

https://brainly.com/question/15053868

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