In 2011 the U.S.current Account Balance Was Zero

question 115

True/False

In 2011 the U.S.current account balance was zero.

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Definitions:

Euro Payable

A liability or obligation denominated in euros payable to a creditor or supplier.

Foreign Currency

Currency used outside the issuing country, not the domestic currency of the company conducting the financial transactions.

Foreign Exchange Gain

A profit resulting from changes in the exchange rate between the currency in which a transaction is denominated and the home currency.