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29 October, 15:01

What is a creditor nation?

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  1. 29 October, 15:22
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    To determine if a country is a creditor nation, one must account for the the nation's overall debt balance when calculating the balance of payments. Creditor nations can sometimes lose their status and become debtor nations. This happened to the United States in 1988 when its balance of payments turned negative. your welcome
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