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Chap012 - Chapter 12 International Linkages Chapter 12...

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Chapter 12 - International Linkages Chapter 12 International Linkages Multiple Choice Questions 1. The record of international trade in goods and services and international transfer payments is called a. The balance of payments b. The capital account C . The current account d. The foreign account e. The exchange rate account Difficulty: Easy 2. If a French citizen buys 100 shares of IBM stock on the New York Stock Exchange, the transaction will be recorded as A . A surplus item in the capital account b. A deficit item in the capital account c. A surplus item in the current account d. A deficit item in the current account e. A decrease in France's GDP Difficulty: Easy 3. Which of the following is FALSE? Difficulty: Medium 12-1
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Chapter 12 - International Linkages 4. Which of the following items are deficit items in the balance of payments for the United States? Difficulty: Easy 5. In 2005, imports of goods and services to the U.S. was approximately what percentage of total U.S. GDP? Difficulty: Easy 6. If a country has a balance-of-payments surplus, we know for sure that a. The current account shows a surplus b. The capital account shows a surplus C . The sum of the current and capital accounts shows a surplus d. Net exports are positive e. All of the above have to be true Difficulty: Medium 12-2
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Chapter 12 - International Linkages 7. A country's balance-of-payments surplus is equal to Difficulty: Easy 12-3
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Chapter 12 - International Linkages
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