For most of the past twenty years, China has maintained a large _______ balance
ID: 1116310 • Letter: F
Question
For most of the past twenty years, China has maintained a large _______ balance on its current account, that has largely been countered by a large negative balance on its _____________.
A..negative; trade balance.
B.negative; capital/financial account.
C.positive; official reserves transactions (official settlements balance).
positive; capital/financial account.
A..negative; trade balance.
B.negative; capital/financial account.
C.positive; official reserves transactions (official settlements balance).
Dpositive; capital/financial account.
Explanation / Answer
Option C is correct
For most of the past twenty years, China has maintained a large positive balance on its current account, that has largely been countered by a large negative balance on its official reserves transactions.
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