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A Current Account Deficit Means That Exports Exceed Imports

question 264

True/False

A current account deficit means that exports exceed imports.


Definitions:

SMS

Short Messaging Service, a text messaging service component of most telephone, internet, and mobile-device systems.

MMS

Multimedia Messaging Service, a standard way to send multimedia content via mobile phones.

Cellular Network

A wireless communication network distributed over land areas called cells, each served by at least one fixed-location transceiver, for mobile phones and data transfer.

Debit Card

A card that directly withdraws funds from a user's checking account to cover the cost of a purchase.

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