Which of the following is NOT true about the current account balance?
A) It is the sum of the trade,services,income,and net transfers balance.
B) China,France,Japan,and Singapore have consistently had current account surpluses over recent years.
C) If foreign capital will not be available to finance the U.S.current account deficit,it can be predicted that the dollar will become stronger.
D) The United States has had large account deficits in recent years.
E) Countries with current account surpluses generally finance countries with current account deficits.
Correct Answer:
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