Multiple Choice
Suppose Mexico and the United States were the only two countries in the world.There exists an excess supply of pesos on the foreign exchange market.This suggests that
A) Mexico's current account is in surplus.
B) Mexico's current account is in deficit.
C) the U.S. current account is in deficit.
D) the U.S. current account is in equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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