________ Indicates Whether a Country Is a Net Borrower from or Lender

question 33

Multiple Choice

________ indicates whether a country is a net borrower from or lender to the rest of the world.

• A)The basic balance
• B)The liquidity balance
• C)The capital account
• D)The current account

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Definitions:

Licenses

Official permits to own or do something, typically issued by a government authority.

Central Park

A large urban park in New York City, known for its lush landscapes, walking paths, and cultural attractions.

Price Difference

The disparity in the cost between two or more goods or services.

Long-run Equilibrium

A state in an economy or market where all factors, including prices, supply, and demand, are fully adjusted and stable over time.