Which of the following is true with respect to the monetary approach to the balance ofpayments?

a balance of payments deficit results from an excess demand of money in the nation

it views the balance of payments as an essentially monetary phenomenon

a balance of payments surplus results from an excess supply of money

balance of payments disequilibrium are not automatically corrected in the long run

Which of the following is true with respect to the monetary approach t

1.	Which of the following is true with respect to the monetary approach to the balance ofpayments?
A.	it views the balance of payments as an essentially monetary phenomenon
B.	a balance of payments deficit results from an excess demand of money in the nation
C.	a balance of payments surplus results from an excess supply of money
D.	balance of payments disequilibrium are not automatically corrected in the long run
Answer» B. a balance of payments deficit results from an excess demand of money in the nation