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AP® Macroeconomics

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Facts about Current Account

APMACR-KS@LNP

All of the following statements are true of the current account of a country EXCEPT:

A

Current account transactions are part of the balance of payments of a country.

B

Current account transactions include purchases of imports and sales of exports.

C

Current account deficits and current account surpluses affect the international value of a country's currency.

D

Current account transactions include purchases of foreign stocks, bonds, or real estate.

E

Current account transactions affect the size of a country's real gross domestic product.