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Practice Final Exam F10

Practice Final Exam F10 - ECO369 International Economic...

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ECO369 International Economic Issues GVSU, Wei Sun Practice Final Exam I. Multiple Choice Questions 1 2 3 4 5 6 7 8 9 10 11 12 1. In the 1999-2000, the high current account deficit in the U.S. was mainly fueled by a) excessive borrowing by the foreigners. b) excessive public sector borrowing. c) high domestic investment. d) high household savings rate 2. The Japanese government liquidates $10 million worth of its holdings of 30-year U.S. Treasury bonds in the open market and purchases an equivalent amount of U.S. corporate stocks with the sales receipt. How will this transaction affect the U.S. balance of payments?
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