Multiple Choice
If the U.S.capital account balance has a $30 million surplus and there was no change in official reserves during that year, we know that
A) U.S.net foreign lending must equal $30 million.
B) the United States has a $30 million current account deficit.
C) the United States is a net lender.
D) U.S.official reserves have increased by $30 million.
E) the United States has a $30 million current account surplus.
Correct Answer:
Verified
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