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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Is it better for your country to be an international lender or borrower?

To determine

To discuss: whether a lender or a borrower is better for the growth of a country.

Explanation

A negative balance in current account means that, a country is a net borrower from abroad and a positive current account balance means the country is the net lender to the rest of the world.

Being an international lender will be a good option for a country, as the lender is the one who gives or lends the money to others and for that interest is charged by the country...

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