Balance of payments
Authored by Will Wearden
Other, Social Studies, Business
12th Grade - University
Used 200+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This account records a nation's imports and exports of goods, services, net investment income, and net transfers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This account records flows of money from the purchase and sale of real estate and financial assets between countries.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Leroy Jenkins, a US citizen, buys stock in a Japanese video game company. This transaction would be recorded as
a credit to the US
a debit to the US
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Leroy Jenkins buys stock in a Japanese video game company. This transaction would be recorded on the US balance of payments as
current account
financial/capital account
official reserves
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Italian tourist paying for a night in a London hotel would count as:
A debit on the UK balance of payments
A credit on the UK balance of payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Italian tourist paying for a night in a London hotel would appear on the UK balance of payments:
In the current account
In the capital/financial accounts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The acquisition of a UK football club by a rich foreign investor would count as
A debit on the capital and financial account
A credit on the current account
A debit on the current account
A credit on the capital and financial account
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