If the U.S. current account balance is -$500 billion and the capital and financial account balance is +$510 billion
A) the U.S. official settlements account balance is $10 billion.
B) the U.S. government's holdings of foreign currency increases by $10 billion.
C) foreign investment in the United States is smaller than the U.S. investment abroad.
D) U.S. exports are greater than U.S. imports.
Correct Answer:
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Q283: Which of the following statements is INCORRECT?
A)
Q284: Q285: The change in U.S. official reserves is Q286: If the current account balance is $30 Q287: If the current account has a negative Q289: If a country is importing more than Q290: The official settlements account of a country Q291: Suppose the current account of a country
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