Which of the following statements is true?

Question

Quizplus · Accepted Answer

A negative balance on the current account means that a country is importing more than it is exporting, resulting in a current account deficit. A positive balance on the current account means that a country is exporting more than it is importing, resulting in a current account surplus. A capital account surplus or deficit refers to the net inflow or outflow of financial capital, and is not directly related to the current account balance.

Which of the Following Statements Is True