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) the United States has a $30 million current account deficit.
B) U.S. net foreign lending must equal $30 million.
C) the United States is a net lender.
D) the United States has a $30 million current account surplus.
E) U.S. official reserves have increased by $30 million.
Correct Answer:
Verified
Related Questions
Q45: In the long run, the exchange rate
Q46: A nation that is a net borrower
Q47: Q48: Suppose that a currency's value is found Q49: The foreign exchange rate is defined as![]()