A Current Account Surplus Exists When the Balance on Current

question 12

True/False

A current account surplus exists when the balance on current account is positive.

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Definitions:

Assumption

Something presumed to be true or certain to occur, even without evidence.

Simp

A slang term often used colloquially to describe someone who performs excessive sympathy and attention toward another person, sometimes in pursuit of a romantic relationship, typically perceived as not reciprocated or appreciated to the same extent.

Taut

An expression or statement that is redundantly repetitive or circular in its reasoning, effectively always true.

Contra

Against or in opposition to a particular argument or claim.