Which of the following is not true about the U.S.twin deficits?
A)The U.S.is now the world's leading creditor
B)The U.S.borrows huge sums from abroad
C)Some critics blame U.S.fiscal policy for the switch from a creditor to a debtor nation
D)Japan and China are big buyers of U.S.Treasury securities
E)A debtor country becomes more beholden to those countries that supply credit

Question

Quizplus · Accepted Answer

The statement "The U.S. is now the world's leading creditor" is not true. In fact, the U.S. is one of the world's largest debtors, with a national debt of over $28 trillion as of 2021.

Which of the Following Is Not True About the U