S-5 BOP Ch 16Final post - B.O.P. Balance of Payments W. J....

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W. J. Streeter MEC 292 – FALL 2008 B.O.P. Balance of Payments
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W. J. Streeter mec 292 – Fall 2008 Register on campus to vote With the Oct. 2 vice presidential debate quickly approaching, many people are looking for ways to get more involved in the political process. To help facilitate interest and participation in the debate and election, the Richard A. Gephardt Institute for Public Service is coordinating an all-day, campus-wide voter registration drive Sept. 18. Eligible students, faculty and staff will be able to register to vote in Missouri or complete a change of address card at one of 11 locations across the University. Voters also can learn about how to register in another state and/or obtain an absentee ballot. United States citizens who will be 18 or older Nov. 4 are eligible to vote, and should bring a photo ID and one additional form of identification in order to register Sept. 18. A Washington University student or staff ID is acceptable. This nonpartisan voter registration effort is cosponsored by several undergraduate, graduate and professional school student groups. Confirmed locations for the registration drive include: • Olin Business School main entrance, 10 a.m.-2 p.m.
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W. J. Streeter MEC 292 – FALL 2008 Chapter 16 Payments among Nations
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W. J. Streeter mec 292 – Fall 2008 Note on terminology Typo on page 361 The net value of flows of financial assets is referred to in our textbook as the Capital Account balance. However since 1996 the IMF uses the term Financial Account for this part of the Balance of Payments statement. Most governments now use the term Financial Account in their reports, but most textbooks continue to use the obsolete term, Capital Account. (Abel-Bernanke is a notable exception; they use the current, correct terminology.) See Pugel page 360 and page 1 of the posted note. In Pugel, page 361, the example of a foreign resident decreasing his holding of a U.S. financial asset has a typographical error. This is a debit, not a credit in the Financial Account.
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W. J. Streeter mec 292 – Fall 2008 Balance of Payments 1. A nation’s Balance of Payments statement is: A) An Income Statement B) A nation’s Balance Sheet A) A Cash Flow Statement A) A Foreign Direct Investment report
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W. J. Streeter mec 292 – Fall 2008 2) Which of the following is considered a capital inflow? A. A sale of U.S. financial assets to a foreign buyer. A. A purchase of foreign financial assets by a U.S. buyer.
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W. J. Streeter mec 292 – Fall 2008 3) The net value of flows of goods, services, income, and unilateral transfers is called the: A. Capital account A. Current account A. Trade balance B. Official reserve balance
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mec 292 – Fall 2008 4) A deficit entry in the Current Account: A. Causes a surplus entry in the Financial Account. B. Causes a deficit entry in the Financial
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This note was uploaded on 09/21/2009 for the course B 290 taught by Professor Narg during the Spring '09 term at Washington University in St. Louis.

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S-5 BOP Ch 16Final post - B.O.P. Balance of Payments W. J....

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