If net interest and net transfers are zero, and a countryʹs exports exceed its imports, the country definitely has .

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Quizplus · Accepted Answer

A current account surplus occurs when a country's exports exceed its imports, meaning it is earning more from trade than it is spending. If net interest and net transfers are zero, then there is no additional income or expense from the rest of the world. A capital and financial account surplus or an official settlements account surplus do not necessarily have to occur in this scenario. A current account deficit would be the opposite, where a country is importing more than it is exporting.

If Net Interest and Net Transfers Are Zero, and a Countryʹs