Between 1999 and 2008,Canada was a
A)a net borrower from the rest of the world.
B)a net lender to the rest of the world.
C)neither a borrower nor a lender to the rest of the world.
D)borrowing and lending in equal amounts with the rest of the world.
E)none of the above

Question

Quizplus · Accepted Answer

Between 1999 and 2008, Canada was a net lender to the rest of the world, as it consistently ran current account surpluses during this period, indicating that it was saving more than it was investing domestically.

Between 1999 and 2008,Canada Was a