If a Country Has a Capital Account ________,It Is ________

question 8

Multiple Choice

If a country has a capital account ________,it is ________ net foreign assets.

• A) deficit, acquiring
• B) deficit, losing
• C) surplus, acquiring
• D) surplus, in equilibrium as far as its

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Definitions:

Commercial Aircraft

A type of aircraft designed and used for transporting passengers and cargo for business purposes.

Liable

Legally responsible or obligated.

Bailment

The legal relationship where physical possession of personal property is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property under a contract.

Automobile

A vehicle on wheels designed for transport, commonly propelled by an internal combustion engine or an electric motor.