Multiple Choice
The United States is called a debtor nation because
A) it has a large current account deficit that is simultaneously funded by foreign investment.
B) it has a large financial account deficit that is used to fund the current account deficit.
C) it has a large balance of payments deficit that is used to fund the current account deficit.
D) U) S.capital outflows are much greater than U.S.capital inflows.
E) U) S.households finance the majority of their purchases using credit cards (debt) .
Correct Answer:

Verified
Correct Answer:
Verified
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