11. Which of the following indicates the international investment position of a country at a given moment in time?
a. | The balance of payments |
b. | The capital account of the balance of payments |
c. | The current account of the balance of payments |
d. | The balance of international indebtedness |
ANS: D PTS: 1
12. Concerning the U.S. balance of payments, which account is defined in essentially the same way as the net export of goods and services, which comprises part of the country's gross domestic product?
a. | Merchandise trade account |
b. | Goods and services account |
c. | Current account |
d. | Capital account |
ANS: B PTS: 1
13. If an American receives dividends from the shares of stock she or he owns in Toyota, Inc., a Japanese firm, the transaction would be recorded on the U.S. balance of payments as a: income receipt and payments
a. | Capital account debit |
b. | Capital account credit |
c. | Current account debit |
d. | Current account credit |
ANS: D PTS: 1
14. If the United States government sells military hardware to Saudi Arabia, the transaction would be recorded on the U.S. balance of payments as a:
a. | Current account debit |
b. | Current account credit |
c. | Capital account debit |
d. | Capital account credit php兑换人民币汇率 |
ANS: B PTS: 1
15. The U.S. balance of trade is determined by:
a. | Exchange rates |
b.position of the day | Growth of economies overseas |
c. | Relative prices in world markets |
d. | All of the above |
ANS: D PTS: 1
paramagnetic 16. U.S. military aid granted to foreign countries is entered in the:
a. | Merchandise trade account |
b. | Capital account |
c. | Current account |
d. | Official settlements account |
ANS: C PTS: 1
17. If the U.S. faces a balance-of-payments deficit on the current account, it must run a surplus on:
a. | The official settlements account |
b. | The capital account |
c. | Either the official settlements account or the capital account |
d. | Both the official settlements account and the capital account |
ANS: C PTS: 1
18. The current account of the U.S. balance of payments does not include:
a. | Investment income |
b. | Merchandise exports and imports |
c. | The sale of securities to foreigners |
d. | Unilateral transfers |
ANS: C PTS: 1
19. The U.S. has a balance of trade deficit when its:
a. | Merchandise exports exceed its merchandise imports |
b. | Merchandise imports exceed its merchandise exports |
c. | Goods and services exports exceed its goods and services imports |
d. | Goods and services imports exceed its goods and services exports |
ANS: B PTS: 1
20. The value to American residents of income earned from overseas investments shows up in which account in the U.S. balance of payments?
income receipt and payments
a. | Current account |
b. | Trade account |
c. | Unilateral transfers account |
d. | Capital account |
ANS: A PTS: 1
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