- CFA Exams
- CFA Level I Exam
- Study Session 5. Economics (2)
- Reading 17. International Trade and Capital Flows
- Subject 4. The Balance of Payments
CFA Practice Question
Which one is the most likely reason for a current account deficit?
A. Low private savings
B. Low private investment
C. Government surplus
Explanation: CA = Sp + Sg - I
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