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Economics Mcqs
Q
Suppose Canada and Switzerland were the only two countries in the world There exists an excess supply of Swiss francs on the foreign exchange market This suggests that ?
AA. The canadian current account balance is in surplus
BB. The swiss current account balance is in deficit
CC. The canadian current account balance is in equilibrium
DD. The swiss current account balance is in equilibrium
Correct Answer:
B. B. The swiss current account balance is in deficit