Which of the following is NOT a reason that the U.S. trade deficits are not likely to lead to a crisis like Greece?
A) U.S. earnings on foreign investments exceeds foreign earnings on U.S. investments.
B) The United States borrows in a currency that it controls.
C) The U.S. current account deficit is small compared to the U.S. capital account surplus.
D) The U.S. current account deficit is a smaller share of the U.S. GDP than the Greek deficit was of the Greek GDP.
Correct Answer:
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