Balance of payment deficit may be caused by?
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Correct Answer: Option D
Explanation:
A balance of payment is a situation in which imports of goods, services, investment income and transfers exceed the exports of goods, services, investment income and transfers. If a country doesnt restrict the importation of goods or services, it will end up with a deficit payment balance. ei, it will pay out more of its money and investment to foreigners. this can crumble the economy.
A balance of payment is a situation in which imports of goods, services, investment income and transfers exceed the exports of goods, services, investment income and transfers. If a country doesnt restrict the importation of goods or services, it will end up with a deficit payment balance. ei, it will pay out more of its money and investment to foreigners. this can crumble the economy.