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O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2020 · Q141 Mark

A country has a Balance of Payments surplus on its current account. What does this mean?

AThe total value of its exports exceeds the total value of its imports.
BThe total value of its imports exceeds the total value of its exports.
CThe total value of its invisibles exceeds the total value of its visibles.
DThe total value of its visibles exceeds the total value of its invisibles.

✓ Correct answer

A: The total value of its exports exceeds the total value of its imports.

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 1, question 14.

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