Use the table below to answer the following questions.
Table 9.4.1

-Refer to Table 9.4.1.The country came into existence at the beginning of year 1.Given the information, in year 4 Mengia is a
A)net lender and a creditor nation.
B)net lender and neither a creditor nor a debtor nation.
C)net borrower and a debtor nation.
D)net borrower and a creditor nation.
E)net lender and a debtor nation.

Question

Use the table below to answer the following questions.
Table 9.4.1
 
-Refer to Table 9.4.1.The country came into existence at the beginning of year 1.Given the information, in year 4 Mengia is a
A)net lender and a creditor nation. 
B)net lender and neither a creditor nor a debtor nation. 
C)net borrower and a debtor nation. 
D)net borrower and a creditor nation. 
E)net lender and a debtor nation.

Quizplus · Accepted Answer

The given table does not provide sufficient information to determine whether Mengia is a net lender or a net borrower. However, we can determine that Mengia is a debtor nation because the value of its assets is lower than the value of its liabilities. Therefore, the correct choice is E, net borrower and a debtor nation.

Use the Table Below to Answer the Following Questions