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AP® Macroeconomics

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Moderate

Current Account Bookkeeping

APMACR-YGTJET

Which of the following statements are true of the Current Account?

I. Amounts can be debited from the current account due to trade.

II. Credits to the Current account can occur due to trade.

III. If debits exceed credits then a current account deficit occurs.

A

I

B

II

C

I and II

D

II and III

E

I, II and III