If Northland is currently a net lender and a debtor nation, which of the following statements is correct?

Question

Accepted Answer

Northland has loaned more than it borrowed from the rest of the world this year, but borrowed more than it loaned during its history.

Answer

Northland's accounting system must be in error if it shows the nation to be a net lender and a debtor nation at the same time.

Answer

Northland has loaned more than it borrowed from the rest of the world this year and has loaned more than it borrowed during its history.

Answer

Northland has borrowed more from the rest of the world than it loaned this year and also borrowed more than it loaned during its history.

Answer

Northland's government budget deficit is growing.

Crowdly