Economics · Balance of Payments
When does a situation of adverse balance of payments occur?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When there is no trade
- 2When imports and exports are equal
- 3When the volume of exports exceeds imports
- 4When the volume of imports exceeds exports✓
Correct answer
When the volume of imports exceeds exports
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