A Country with a Current Account Surplus

question 44

Multiple Choice

A country with a current account surplus

• A)acquires IOUs from foreigners, thereby increasing its net foreign wealth.
• B)must borrow from foreigners or draw down on its previously accumulated foreign wealth.
• C)will experience a reduction in the country's net foreign wealth.
• D)both b and c

---

Definitions:

Legal Assent

An agreement to enter into a contract that is recognized by law, marked by the understanding and agreement to the terms by all parties involved.

Contract Dispute

A disagreement between parties regarding the terms, performance, or understanding of a contract.

Undue Influence

A legal term referring to an improper or excessive pressure on someone, influencing their decision or consent in a transaction or legal agreement.

Mistake Of Fact

(1) A mistake that is not caused by the neglect of a legal duty by the person committing the mistake but, rather, consists of unconscious ignorance of a past or present material event or circumstance. (2) An affirmative defense in which the defendant tries to prove that she or he made an honest and reasonable mistake that negates the guilty-mind element of a crime.