A Nation That Runs a Current Account Deficit Will Also

question 125

Multiple Choice

A nation that runs a current account deficit will also:

• A) be a net importer of assets.
• B) be a net exporter of assets.
• C) suffer a lack of capital resources.
• D) increase its external wealth.

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Definitions:

Consumer Lease

A legal agreement where a consumer agrees to rent personal property, like a car or household appliance, for personal, family, or household use for a period of time.

State Statute

A written law passed by a legislative body at the state level.

Usage Of Trade

Any practice or method of dealing having such regularity of observance in a place, vocation, or trade as to justify an expectation that it will be observed with respect to the transaction in question.

Commercial Practices

Activities, methods, and ethics involved in conducting business and trading of goods and services in the marketplace.