Which of the following statements best describes the relationship between the capital and the current account?
A) When the current account is in deficit, so too will be the capital account.
B) When the current account is in surplus, so too will be the capital account.
C) A current account deficit must be paid for by selling Australian assets to foreign interests.
D) A current account deficit must be paid for by selling more exports.
E) The current account balance must always equal zero.
Correct Answer:
Verified
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