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Basic Question 13 of 15
A trade surplus means ______
II. the country must reduce its net financial claims on the rest of the world.
III. there must be a capital account deficit.
I. the country does not save enough to fund its investment spending.
II. the country must reduce its net financial claims on the rest of the world.
III. there must be a capital account deficit.
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Edward Liu
Learning Outcome Statements
describe exchange rate regimes and explain the effects of exchange rates on countries' international trade and capital flows
CFA® 2025 Level I Curriculum, Volume 1, Module 7.