AP Macro Unit 6 Practice

Front

Balance of payment is measured as

Back

Difference between all receipts of foreign exchange and payment of foreign exchange

Front

Balance of trade is measured as

Back

Difference between import and export of goods

Front

Current account records transactions relating to: Export and import of goods, Non factor and factor income, Current transfers.

Back

All of these

Front

Which of the following items related to BOP on capital account? Foreign investment, Loans, NRI remittances, All of these

Back

All of these

Front

If the value of visible exports exceeds the value of visible imports balance relates to;

Back

Balance of trade

Front

The current account shows ...

Back

international movement of goods and services

Front

Each month, Ima Newhere, who recently arrived in the United States, sends half her paycheck to her sister in Poland.

Back

debit

Front

Each month, Ima Newhere, who recently arrived in the United States, sends half her paycheck to her sister in Poland.

Back

Current account

Front

BMW pays $1 million to a U.S. shipper for transporting cars from Germany to the United States. Is this a credit or debit?

Back

credit

Front

BMW pays $1 million to a U.S. shipper for transporting cars from Germany to the United States. What type of account is this transaction recorded in? Options: Current account, Capital/Financial account

Back

Current account