Which of the Following Is NOT True About the Current

question 8

Multiple Choice

Which of the following is NOT true about the current account balance?

• A) It is the sum of the trade,services,income,and net transfers balance.
• B) China,France,Japan,and Singapore have consistently had current account surpluses over recent years.
• C) If foreign capital will not be available to finance the U.S.current account deficit,it can be predicted that the dollar will become stronger.
• D) The United States has had large account deficits in recent years.
• E) Countries with current account surpluses generally finance countries with current account deficits.