Economics Mcqs

A. is equal to official reserve transactions
B. occurs because of foreign exchange fluctuations
C. reflects statistical discrepancies
D. reflects the difference between flow and stock concepts

A. unilateral transfers
B. capital account
C. merchandise account
D. services account

A. the U.S Department of labor
B. the U.S Department of Agriculture
C. the U.S Department of commerce
D. the council of Economic Advisers to the President

A. merchandise trade flows
B. services flows
C. current account flows
D. capital flows

A. capital outflows
B. merchandise exports
C. private gifts to foreigners
D. foreign aid granted to other nations

A. balance of international indebtedness
B. balance of financial transactions
C. balance of payments
D. income statements

A. merchandise imports equal merchandise exports
B. capital imports equal capital exports
C. services exports equal services imports
D. the total surplus or deficit equals zero

A. involves receipts from foreigners
B. involves payments to foreigners
C. increases the domestic money supply
D. decreases the demand for foreign exchange

A. exporter
B. importer
C. debtor
D. creditor

A. statistical discrepancy
B. balance of payments
C. balance of trade
D. trade deficit