MCQOPTIONS
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| 1. |
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 ? |
| A. | the Canadian current account balance is in surplus |
| B. | the Swiss current account balance is in deficit |
| C. | the Canadian current account balance is in equilibrium |
| D. | the Swiss current account balance is in equilibrium |
| Answer» C. the Canadian current account balance is in equilibrium | |