Which of the following statements about the Canadian balance of payment is true?
A)Historically,Canada has for the most part had a current account surplus.
B)Canada has always had a capital account deficit.
C)Canadians' ownership of foreign assets has always been greater than foreigners' ownership of Canadian assets.
D)Canada has always maintained a current account balance.

Question

Quizplus · Accepted Answer

Historically, Canada has had a current account surplus. This means that the country has exported more goods and services than it has imported, leading to a positive balance of payments. However, this has not been the case in recent years, as Canada has experienced a current account deficit since 2008. Choice B is incorrect, as Canada has had both capital account surpluses and deficits in the past. Choice C is also incorrect, as Canadians' ownership of foreign assets has not always been greater than foreigners' ownership of Canadian assets. Lastly, choice D is incorrect, as Canada has not always maintained a current account balance.

Which of the Following Statements About the Canadian Balance of Payment