If a Country Lends More to Foreign Countries Than It

question 209

Multiple Choice

If a country lends more to foreign countries than it borrows from foreign countries in a year, then definitely that year

• A) it has a current account deficit.
• B) it is a debtor nation.
• C) it is a net lender.
• D) it is a creditor nation.

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Definitions:

Objects

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Classical Method

A method of assigning probabilities that is appropriate when all the experimental outcomes are equally likely.

Probabilities

The likelihood or chance of an event occurring, typically expressed as a number between 0 and 1, where 0 means the event cannot occur and 1 indicates certainty.

Outcomes

The results obtained from an action, experiment, or event, which can vary based on the conditions and processes involved.