Asked by
charlotte pajinag
on Oct 11, 2024Verified
Our balance on current account was about minus $__________ billion in 2009.
A) 300
B) 420
C) 540
D) 660
Current Account
A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers, reflecting the difference between a nation's savings and its investment.
Billion
A number equal to a thousand million (1,000,000,000) in the short scale, or a million million (1,000,000,000,000) in the long scale, depending on the country.
- Learn about the dynamics of current account deficits and surpluses and their repercussions on national economic conditions.
Verified Answer
KW
Learning Objectives
- Learn about the dynamics of current account deficits and surpluses and their repercussions on national economic conditions.