A balance of payments surplus occurs when:
A. exports exceed imports.
B. the supply of a nation's currency exceeds the demand for the currency at the current exchange rate.
C. the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.
D. the supply of a nation's currency is equal to the demand for the currency at the current exchange rate.
Answer: C
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a. True b. False Indicate whether the statement is true or false
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Fill in the blank(s) with the appropriate word(s).
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