If a Country Is Currently Borrowing More from the Rest

question 427

Multiple Choice

If a country is currently borrowing more from the rest of the world than it is lending to the rest of the world, the country is a

• A) net borrower.
• B) debtor nation.
• C) net lender.
• D) creditor nation.

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Definitions:

Cease-and-desist Order

A legal injunction demanding that an individual or organization stop a specified activity and refrain from engaging in it in the future.

Federal Trade Commission

A U.S. government agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Rights of Appeal

The legal entitlement allowing a party to challenge a court's decision in a higher court.

Deceptive Claim

A false or misleading statement made about a product or service, usually to persuade consumers to purchase.