A Nation That Currently Has a Surplus in Its Current

question 62

Multiple Choice

A nation that currently has a surplus in its current account is called a

• A)debtor nation.
• B)creditor nation.
• C)capital account surplus nation.
• D)net lender.
• E)net borrower.

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Definitions:

Article 2

Often refers to a specific section within a constitution or a part of a legal code dealing with a particular area, such as commercial transactions in the U.S. Uniform Commercial Code.

Genuine Assent

A true and voluntary agreement to enter into a contract, implying that all parties involved fully understand and agree to the terms.

Fraud

A deliberate trickery aimed at obtaining personal benefits or harming another person.

Duress

A situation where a person is forced or coerced into acting against their will through threats, pressure, or intimidation.