A country reports exports minus imports of $300 billion, net interest income of $30 billion, net transfers of $50 billion, and no change in official reserves. The country is a

Question

Quizplus · Accepted Answer

The country is a net lender because it has a positive current account balance, indicated by exports minus imports, net interest income, and net transfers summing to a surplus.

A Country Reports Exports Minus Imports of $300 Billion, Net