The capital account measures a the sum of us sales of

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44. The capital account measures A. the sum of U.S. sales of assets to foreigners and U.S. purchases of foreign assets. B. the difference between U.S. sales of assets to foreigners and U.S. purchases of foreign assets. C. the difference between U.S. sales of manufactured goods to foreigners and U.S. purchases of foreign products. D. none of the above Topic: The Capital Account 45. When Honda, a Japanese auto maker, built a factory in Ohio, Topic: The Capital Account 46. Government controlled investment funds, known as sovereign wealth funds, Topic: The Capital Account
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80 47. Foreign direct investment (FDI) occurs Topic: The Capital Account 48. The capital account may be divided into three categories: A. cross-border mergers and acquisitions, portfolio investment, and other investment. B. direct investment, portfolio investment, and Cross-border mergers and acquisitions. C. direct investment, mergers and acquisitions, and other investment. D. direct investment, portfolio investment, and other investment. Topic: The Capital Account 49. When Nestlé, a Swiss firm, bought the American firm Carnation, it was engaged in foreign direct investment. If Nestlé had only bought a non-controlling number of shares of the firm, Topic: The Capital Account
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81 50. Transactions in currency, bank deposits and so forth Topic: The Capital Account
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