Answered

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In a floating exchange rate system, the capital account balance equals the negative of the current account balance. True False

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Tundexi

It is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,

The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies

  • So, it is true that capital account balance equals the negative of the current account balance because a deficit on the current account balance is balance by a surplus on financial account.

In conclusion, it is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,

Read more about floating exchange rate system

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