Which of the following is FALSE?
A) Current account deficits must be financed through inflows of capital.
B) Loans from abroad add to a country's stock of external debt and generate debt service.
C) Borrowed funds are always used in a manner that contributes to the expansion of the country's productive capability.
D) Debt service can become an unsustainable burden that holds back development.
Correct Answer:
Verified
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