Balance of payment surplus implies that receipts for expo...
Balance of payment surplus implies that receipts for exports are
At par with payments for imports
Greater than payment for imports
Less than payment for imports
Proportional to payments for imports
Correct answer is B
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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