This Year a Country Loaned More to the Rest of the World

question 98

Multiple Choice

This year a country loaned more to the rest of the world than it borrowed from the rest of the world. In addition, the country has invested more in the rest of the world than other countries have invested in it. The country is currently a ________ and also a ________.

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

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Definitions:

Copyrighted Material

Works such as literature, music, and art that are protected by copyright law, preventing unauthorized use.

Passing-Off Action

A legal remedy used in trademark law to protect the goodwill associated with unregistered trademarks from being exploited by others.

Assigns His Copyright

The act of transferring copyright ownership from the original holder to another party, either temporarily or permanently.

Accounting Works

Refers to the systematic process of recording, reporting, and analyzing financial transactions of a business.