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QUESTION 17 A foreigner purchases $50,000 worth of bonds issues by AT&T from a broker and pays for the bonds with his bank account at

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QUESTION 17 A foreigner purchases $50,000 worth of bonds issues by AT&T from a broker and pays for the bonds with his bank account at Chase Bank, This transaction will affect both the current account and the financial account for the U.S. True O False QUESTION 18 According to the Balance of Payments identity (please assume no capital account), if a country has a deficit in the current account, it's a net lender and it must have a financial account surplus. True O False

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