Question : 11) In 2012, the United States had A) a current account : 1238306

 

11) In 2012, the United States had

A) a current account surplus because imports were greater than exports.

B) a capital and financial account deficit because exports were greater than imports.

C) a current account deficit because imports were greater than exports.

D) no change in U.S. official reserves.

E) a current account deficit and a capital and financial account deficit.

12) Interest received from U.S. holdings of foreign assets and interest paid to foreigners for U.S. investment assets is recorded in the

A) capital and financial account.

B) official settlements account.

C) official reserves account.

D) current account.

E) official dollar account.

13) Suppose you own some German government bonds that pay you interest every year. This interest is entered into which of the balance of payments accounts?

A) current account

B) capital and financial account

C) official settlements account

D) trade account

E) interest account

14) If the current account balance is negative, net interest is $100 billion and net transfer is -$100 billion, then

A) imports exceed exports.

B) exports exceed imports.

C) real GDP exceeds potential GDP.

D) the official settlements account must be positive.

E) the official settlements account must be negative.

15) In 2008, the U.S. current account balance was -$706 billion, net interest was +$119 billion, net transfers were -$128 billion, and exports were +$1,827 billion. Therefore, imports were

A) -$2,524 billion.

B) +$2,524 billion.

C) +$1,112 billion.

D) -$1,112 billion.

E) +$2,780 billion.

16) If the current account balance is -$100 billion, net interest = $0, net transfers = $0, then

A) exports are greater than imports.

B) imports are greater than exports.

C) the capital and financial account balance must be +$100 billion.

D) there was an increase in net foreign assets.

E) the country is loaning abroad.

17) If the United States imports goods and services for a total of $45 billion, exports goods and services for a total of $40 billion, records $4 billion as net interest and zero as net transfers, then the U.S. current account balance is

A) $89 billion.

B) $1 billion.

C) zero.

D) -$1 billion.

E) $81 billion.

18) The capital and financial account is the record of

A) a nation’s international trading, borrowing, and lending.

B) payments for imports, receipts for exports, net interest, and net transfers.

C) foreign investment in the nation minus the nation’s investment abroad.

D) changes in the government’s holdings of foreign currency.

E) the nation’s imports and exports of capital goods.

19) The capital and financial account records

A) all the purchases and sales of capital goods in the United States.

B) the current value of the balance of payments in U.S. dollars.

C) transactions involving trade, interest payments, and net transfers.

D) transactions involving foreign investment in the United States and U.S. investment abroad.

E) imports and exports of capital goods.

20) Foreign investment in the United States and U.S. investment abroad is recorded in the

A) investment account.

B) official settlements account.

C) capital and financial account.

D) current account.

E) creditor/debtor account.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more