When the UK acquires assets abroad, it is in essence borrowing money and foreign debts to the UK decrease.

Name: When the UK acquires assets abroad, it is in essence borrowing money and foreign debts to the UK decrease.
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Question

Quizplus · Accepted Answer

When the UK acquires assets abroad, it is investing overseas, not borrowing money. This action would increase the UK's foreign assets rather than its debts, and foreign debts to the UK would not decrease as a result of this activity.

When the UK Acquires Assets Abroad, It Is in Essence