Everything Else Equal,if a Country Has Exports of $15 Billion

question 106

Multiple Choice

Everything else equal,if a country has exports of $15 billion and imports of $16 billion,it follows that the country has a ________.

• A) current account deficit and a financial account deficit
• B) current account surplus and a financial account deficit
• C) current account surplus and a financial account surplus
• D) current account deficit and a financial account surplus

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Definitions:

Business Letter

A formal document used in professional communication to share information, make requests, or offer formal notifications between companies, clients, or professional entities.

Informal Notes

Casual, non-official records or messages that may lack structure but convey necessary information or reminders.

Personal

Referring to or pertaining to an individual, their private life, or their personal belongings.

Informal Nature

Characterizing situations, relationships, or behaviors that are casual or not bound by formal rules, regulations, or procedures.