M/C Questions for Exam 1 Review
The purpose of these questions is to
review some important concepts,
and not to provide a complete review
of all the material you will be
responsible for on the Exam.
Q1-6: Interpretation of exchange rates,
Ch 4. The Balance of Payments
(Interactive M/C Questions)
1. On what (sub-)account of the U.S. Balance of
Payments will the following transaction appear?
- A U.S. food chain imports wine from Chile.
Current Acct (Credit)