- CFA Exams
- CFA Exam: Level I 2021
- Study Session 5. Economics (2)
- Reading 17. International Trade and Capital Flows
- Subject 4. The Balance of Payments
CFA Practice Question
A current account deficit tends to result from a combination of ______.
II. high private savings
III. low private investment
IV. high private investment
V. government deficit
VI. government surplus
I. low private savings
II. high private savings
III. low private investment
IV. high private investment
V. government deficit
VI. government surplus
Correct Answer: I, IV and V
CA = Sp + Sg - I
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