Which of the following is true in 2009?
A)US current account and financial account both had a deficit
B)US current account had a deficit but the financial account had a surplus
C)US financial account was in deficit while the current account had a surplus
D)Both the current account and financial account was independently balanced

Question

Quizplus · Accepted Answer

In 2009, the US current account had a deficit of $378.4 billion while the financial account had a surplus of $147.2 billion. This means that choice B is the correct option. The other choices are incorrect because they have either reversed the situation or incorrectly assumed a balanced account.

Which of the Following Is True in 2009