a. Current account deficits must be financed thro… Show mo

a. Current account deficits must be financed thro… Show more Which of the following is FALSE? Select one: a. Current account deficits must be financed through inflows of capital. b. Loans from abroad add to a country’s stock of external debt and generate debt service. c. Borrowed funds are always used in a manner that contributes to the expansion of the country’s productive capability. d. Debt service can become an unsustainable burden that holds back development. e. All countries have external debt. • Show less

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