A nation with a current account deficit will be?

1. Lending more money to other nations
2. Experiencing a surplus in exports of goods and services
3. Reducing its indebtedness to other nation
4. Going further into debt with other nation

Identify the correct statement.

a) Balance of Trade is the difference between export and import of goods

and services

b) Repayment of the loan is an item of the current account.

c) Increase in supply of foreign exchange appreciates the domestic currency

d) Depreciation of currency is used under a fixed exchange rate system.