The Current Account Balance Is

question 24

Multiple Choice

The current account balance is

• A) the supply of a country's exports less the country's own demand for imports.
• B) the demand for a country's exports plus the country's own demand for imports.
• C) the country's own demand for imports less the demand for a country's exports.
• D) the demand for a country's exports less the country's own demand for imports.
• E) the country's federal reserves minus the national debt.

---

Definitions:

Revolutionary War

A war fought from 1775 to 1783 in which the American colonies successfully gained independence from Great Britain, becoming the United States of America.

Shays's Rebellion

A revolt carried out by American farmers in 1786-1787 against the execution of tax collections and debt judgments by state and local officials.

Thomas Jefferson

The third President of the United States (1801–1809), author of the Declaration of Independence, and a founding father known for his promotion of the ideals of republicanism in the United States.

Massachusetts

A state in the northeastern United States, significant for being one of the original thirteen colonies and a site of early European settlement, and later, important historical events such as the Boston Tea Party and the American Revolution.