n NISM Certifications
XV NISM Series XV
Medium

State whether True or False: If a country’s imports exceed its exports, it will have a current account surplus.

Practice question from NISM XV Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

When imports exceed exports, a country runs a current account deficit, as net exports are negative.

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