The differences between a country’s merchandise exports and its merchandise imports is the ? A. balance of payments B. capital account C. current accountD. balance of trade
_______ is needed to balancell the balance of payments statements? A. credit transactions B. debit transactions C. unilateral transfersD. statistical discrepancy
The balance of trade is a record of ? A. exports and imports of financial assets B. the current account plus capital account C. the net export of goods and servicesD. the value of merchandise exports minus imports
Historically countries at early stages of rapid economic development have tender to experience ? A. trade deficit and an excess of investment over domestic saving B. trade surplus and an excess of investment over domestic saving C. trade deficits and…
When a country has a trade deficit it ? A. purchases more stocks and bonds from the rest of the world than it sellsB. purchases more goods from the rest of the world than it sells C. sells more goods…
A current account surplus implies that ? A. the country is a net lender to the rest of the world B. the country is running a net capital account surplus C. foreign investment in domestic securities is at very low…
A nation will a current account deficit will be ? A. lending more money to other nations B. experiencing a surplus in exports of goods an services C. reducing its indebtedness to other nationsD. going further into debt with other…
The difference between a country’s balance of payments and its balance of international indebtedness? A. is equal to official reserve transactions B. occurs because of foreign exchange fluctuations C. reflects statistical discrepanciesD. reflects the difference between flow and stock concepts
In the balance of payments travels and tourism are included in the category of ? A. unilateral transfers B. capital account C. merchandise accountD. services account
The U.S balance of payments is constructed by ? A. the U.S Department of labor B. the U.S Department of AgricultureC. the U.S Department of commerce D. the council of Economic Advisers to the President