Practicing Success
A nation is a lender to other countries. It means : |
Surplus current account Deficit current account Trade surplus Trade deficit |
Surplus current account |
The correct answer is option (1) : Surplus current account Current Account is in balance when receipts on current account are equal to the payments on the current account. A surplus current account means that the nation is a lender to other countries and a deficit current account means that the nation is a borrower from other countries. |