Examlex
Which of the following statements is incorrect?
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers exceed its total exports, indicating it is spending more abroad than it is earning.
Financial Accounts Surplus
A situation where the inflows of foreign investment into a country exceed the outflows of domestic investment abroad, reflecting a net increase in ownership of foreign assets.
Depreciates
The process by which an asset loses value over time, often due to wear and tear or market conditions.
Foreign Exchange Market
A global marketplace for exchanging national currencies against one another.
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