单选题 The current account balance of the balance of payments account equals:

A、 the sum of national savings and domestic capital formation.

B、 net foreign investment.

C、 the domestic production of goods and services.

D、 net credits minus debits involving changes in nonofficial foreign financial assets and liabilities.

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单选题 In a nation's balance of payments, which one of the following items is always recorded as a positive entry?

A、Changes in foreign currency reserves

B、Imports of goods and services

C、Military foreign aid supplied to allied nations

D、Purchases by foreign travelers visiting the country

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单选题 A country's balance of payments records:

A、the prices that a country pays for its imports and the prices that the country receives for its imports.

B、the flows of value between that country's residents and residents of the rest of the world during a period of time.

C、capital gains and losses on a country's international assets.

D、the value of a country's holdings of foreign assets, minus the value of foreign holdings of the country's assets.

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单选题 An increase in a nation's financial liabilities to foreign residents is a:

A、reserve inflow.

B、reserve outflow.

C、capital imports.

D、capital exports.

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单选题 A credit item in the balance of payments is:

A、an item for which the country must be paid.

B、any loan given out by the country.

C、any imported item.

D、an item that creates a monetary claim owed to a foreigner.

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单选题 The sum of all of the debit items in the balance of payments:

A、equals the overall balance.

B、equals the sum of all credit items.

C、equals 'compensating' transactions.

D、equals the errors and omissions.

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单选题 Every international exchange of value is entered into the balance-of-payments accounts ____ time(s).

A、one

B、two

C、three

D、four

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单选题 A debit item in the balance of payments is:

A、any foreign aid received by the country.

B、an item for which the country must pay.

C、any exported item.

D、an item that creates a monetary claim on a foreigner.

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单选题 Which of the following capital transaction items is entered as a debit in the U.S. balance of payments?

A、A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.

B、A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.

C、A U.S. resident sells his IBM stock to a French resident.

D、A U.S. resident sells his Credit Suisse stock to a French resident.

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