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Balance Of Payment Surplus Implies That Receipts For Exports Are? - Erudites Academy

Balance of payment surplus implies that receipts for exports are?

by | Nov 7 | Economics WAEC | 0 comments

A. at par with payments for imports
B. greater than payment for imports
C. less than payment for imports
D. proportional to payments for imports

Correct Answer: Option B

 

Explanation

BALANCE OF PAYMENTS SURPLUS: An imbalance in a nation’s balance of payments in which payments made by the country are less than payments received by the country (exports exceeds imports) It’s considered favorable because more currency is flowing into the country than is flowing out.

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