Chapter 17 PQ

Chapter 17 PQ - Exam Name MULTIPLE CHOICE Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 1) Based on the following information, what is the balance on the current account? a. Exports of goods and services = $5 billion b. Imports of goods and services = $3 billion c. Net income on investments = - $2 billion d. Net transfers = - $2 billion e. Increase in foreign holdings of assets in the U.S. = $4 billion f. Increase in U.S. holdings of assets in foreign countries = - $1 billion A) $4 billion B) $1 billion C) $3 billion D) - $2 billion 1) 2) Based on the following information, what is the balance on the financial account? a. Exports of goods and services = $5 billion b. Imports of goods and services = $3 billion c. Net income on investments = - $2 billion d. Net transfers = - $2 billion e. Increase in foreign holdings of assets in the U.S. = $4 billion f. Increase in U.S. holdings of assets in foreign countries = - $1 billion A) $1 billion B) $3 billion C) $2 billion D) - $1 billion 2) 3) If the current account is in deficit, then A) there is a capital outflow. B) the balance of services must be in surplus. C) the balance of payments must be in surplus.
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Chapter 17 PQ - Exam Name MULTIPLE CHOICE Choose the one...

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