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When considering purchasing a new computer,you investigate several social media sites to gather information on products,services,and brands.Which of the following statements is correct?
Current Account Entry
Transactions that reflect the difference between a country's savings and its investment in a given period, including trade balance and foreign income.
Financial Account Entry
A record in the financial accounts that captures transactions like borrowing, lending, or investing.
Financial Account Deficit
A situation where the value of a country's imports of financial assets exceeds its exports over a given period.
Current Account Surplus
Occurs when a country's total exports of goods, services, and transfers exceed its total imports.
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