If the balance of payments accounts of a country shows a current account deficit, it means that:

Name: If the balance of payments accounts of a country shows a current account deficit, it means that:
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

A current account deficit means that a country's spending on imports is greater than its earnings from exports, resulting in more foreign currency leaving the country than entering it. This leads to the accumulation of foreign liabilities, causing foreign assets to grow slower than foreign liabilities.

If the Balance of Payments Accounts of a Country Shows