超星 - chapter 02-01

单选题

The net value of flows of goods, services, income, and unilateral transfers is described as the:

A. capital account balance.
B. current account balance.
C. trade balance.
D. official reserve balance.

单选题

The financial account in the U.S. balance of payments includes:

A. everything that is included in the current account.
B. payments of pensions to U.citizens who now live in foreign countries.
C. profits that Nissan of America sends back to Japan.
D. new U.investments in foreign countries.

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单选题

When a U.S. resident increases her holdings of a foreign financial asset, this item is recorded as a:

A. credit entry in the U.current account.
B. debit entry in the U.current account.
C. credit entry in the U.capital account.
D. debit entry in the U.capital account.

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单选题

A deficit in the current account:

A. is accompanied by an equal amount of surplus in the financial account or in official international reserves.
B. tends to cause a deficit in the financial account.
C. does not affect the financial account or official international reserves.
D. is the result of increasing exports and decreasing imports.

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单选题

Which of the following would tend to contribute to a U.S. current account surplus?

A. The United States makes a unilateral tariff reduction on imported goods.
B. The United States cuts back on American military personnel stationed in Japan.
C. U.tourists travel in large numbers to Asia.
D. Russian vodka becomes increasingly popular in the United States.

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单选题

If a British businessman sells U.S. government securities to a U.S. buyer, how will this item be entered in the balance of payments?

A. It will appear in the trade account as an import.
B. It will appear in the trade account as an export.
C. It will appear in the financial account as an increase in foreign assets held by U.residents.
D. It will appear in the financial account as a decrease in the U.assets held by foreigners.

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单选题

In the balance of payments, the statistical discrepancy is used to:

A. ensure that the sum of all debits matches the sum of all credits.
B. ensure that the value of imports equals the value of exports.
C. show how a balance-of-payments deficit is funded.
D. obtain an accurate account of a balance-of-payments surplus.

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单选题

Official reserve assets are:

A. the gold holdings in the nation’s central bank.
B. money like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them.
C. government T-bills and T-bonds.
D. government holdings of SDR’s.

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单选题

Which of the following constitutes the largest component of the world’s international reserve assets?

A. Gold
B. Special drawing rights
C. IMF reserve positions
D. Foreign currencies

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单选题

The difference between a country’s purchases of foreign assets minus foreign purchases of the country’s assets during a period of time is:

A. net official reserves.
B. net domestic investment.
C. net foreign investment.
D. net foreign surplus.

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