A-LevelEconomicsBalance of PaymentsOct/Nov 2011Paper 1 Q271 Mark
What must be the necessary result of a surplus in the current account of a country's balance of payments?
Adepreciation of the currency
Ban improvement in the terms of trade
Can increase in foreign exchange reserves
Dan increase in net holdings of foreign assets
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of balance of payments within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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