Which of the following is TRUE?

Question

Quizplus · Accepted Answer

A) True, a current account surplus indicates that a country is exporting more than it imports, thus earning more from its exports. B) True, a country can use its accumulated foreign reserves to finance a current account deficit. C) True, a current account deficit often leads to an increase in net foreign debt as the country borrows to finance the deficit. D) True, the current account surplus can be described as the difference between a country's income from exports and its spending on imports (absorption).

Which of the Following Is TRUE