A nation is called a lender if
A. its net stock of foreign assets is positive.
B. its current account is in surplus during a time period.
C. its current account is balanced during a time period.
D. its financial account is in surplus during a time period.
Answer: B
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The table above shows some of the costs for a perfectly competitive firm. If the price is $160 per unit, how many units of output will the firm produce?
A) 8 B) 9 C) 10 D) more than 10
The above table gives the demand and supply schedules for cat food. If the price is $3
00 per pound of cat food, will there be a shortage, a surplus, or is this price the equilibrium price? If there is a shortage, how much is the shortage? If there is a surplus, how much is the surplus? If $3.00 is the equilibrium price, what is the equilibrium quantity?