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Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define what constitutes a surplus in terms of Balance of Payments.
π‘ Hint: Think about the relationship between exports and imports.
Question 2
Easy
What is a deficit?
π‘ Hint: Consider what happens when imports exceed exports.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a surplus?
π‘ Hint: Remember what gets counted as inflows.
Question 2
A deficit can lead to increased foreign debt. True or False?
π‘ Hint: Think about consequences of not having enough reserves.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Given a country experiences a consistent surplus, analyze how this may impact its exchange rate and foreign investment strategies.
π‘ Hint: Consider how stronger currency might influence investor perceptions.
Question 2
If a government realizes it has been running a deficit for three consecutive quarters, propose potential strategies it might adopt to amend this situation.
π‘ Hint: Think about economic adjustments that can realign imports and exports.
Challenge and get performance evaluation