2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following country has recorded the largest current account surplus in the first half of this year since 2007 with reduced imports amid lower crude oil prices and rising revenue from tourism.
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Japan
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Brazil
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USA
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Argentina
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Explanation:
Detailed explanation-1: -Japan’s current account surpluses have long been regarded as a sign of export might and a source of confidence in the safe-haven yen, but the account has occasionally fallen into the red on a monthly basis in recent years partly as a weaker yen has boosted the costs of imports.
Detailed explanation-2: -ii-Trade surplus includes a favourable balance of only visible items. Current account surplus includes the favourable balance of both visible and invisible items.
There is 1 question to complete.