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Suppose Canada begins with a zero balance on the current account; that is, there is no surplus or deficit. Then, any new flow of Canadian
Suppose Canada begins with a zero balance on the current account; that is, there is no surplus or deficit. Then, any new flow of Canadian dollars into Canada would be recorded as a _____ entry on the balance of payments, creating a _____ on the current account. A. negative; balanced budget B. positive; surplus C. negative; deficit D. negative; surplus E. positive; deficit
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