A Current Account Surplus Exists When

question 5

Multiple Choice

A current account surplus exists when

• A)net exports are positive.
• B)net exports are negative.
• C)financial flows out of a country for goods and services exceeds financial flows into the country for its goods and services.
• D)imports exceed exports.

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Definitions:

Automobile Theft

The act of unlawfully taking a motor vehicle without the consent of its owner.

Liable

Being legally responsible for something, typically involving financial compensation for harm or damages.

Insurance Policies

Contracts issued by an insurance company to an individual or entity, offering financial protection against specified risks in exchange for a premium.

Partnership

A legal form of business operation between two or more individuals who share management and profits.