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    Exam 9: The Exchange Rate and the Balance of Payments
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    Over Its History, Brazil Has Borrowed More from the Rest
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Over Its History, Brazil Has Borrowed More from the Rest

Question 432

Question 432

Multiple Choice

Over its history, Brazil has borrowed more from the rest of the world than it has loaned to the rest of the world. Brazil


A) eventually will have a balance of payments account that does not balance.
B) is a debtor nation.
C) is a creditor nation.
D) has no current account balance.

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