Chapter 3 - Chapter 3 The Balance of Payments 1. * 2. * 3....

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Chapter 3 The Balance of Payments 1. The balance of payments on current account does not include the following items . A. merchandise exports B. invisible trade items (services) C. current transfer items * D. foreign stocks and bonds E. merchandise imports 2. The financial account in the balance of payments does not include the following __ . A. foreign direct investment * B. gold C. foreign bank loans D. portfolio investment E. investment on foreign bonds 3. Official reserve assets do not include . A. gold B. convertible foreign exchange C. special drawing rights (SDRs) D. British pound * E. Algerian dinars 4. Credit transactions in the balance of payments do not include ___. A. exports of goods and services * B. investments and interest paid to foreign residents C. investment and interest earnings D. transfer receipts from foreign residents E. investments and loans from foreign residents 5. The general trend of the US service trade account has been . A. a stable deficit B. an increasing deficit C. a decreasing deficit D. a falling deficit * E. a surplus
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6. Which of the following is not one of the major groups that make up the balance of payments? A.
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Chapter 3 - Chapter 3 The Balance of Payments 1. * 2. * 3....

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