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Unit 7 Quiz

Authored by Tyler Hoelscher

Social Studies

12th Grade

Used 5+ times

Unit 7 Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Current account - Debit

Current account - Credit

Capital/Financial account - Debit

Capital/Financial account - Credit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

BMW pays $1 million to a U.S. shipper for transporting cars from Germany to the United States.

Current account - Debit

Current account - Credit

Capital/Financial account - Debit

Capital/Financial account - Credit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A Chinese company sells $1 million worth of socks to the U.S. army.

Current Account - credit

Current Account - debit

Capital Account - Credit

Capital Account - Debit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Andre Prenoor, U.S. entrepreneur, invests $50 million to develop a theme park in Malaysia.

Current Account - credit

Current Account - debit

Capital Account - credit

Capital Account - debit

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Harley-Davidson USA purchases $25 million in production machinery from a Japanese company.

Current account - credit

Current account - debit

Capital/Financial account - credit

Capital/Financial account - debit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jorge Martinez from Spain buys a shopping center in Florida.

Current account - Credit

Current account - Debit

Capital/Financial account - credit

Capital/Financial account - debit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An Italian tourist paying for a night in a London hotel would appear on the UK balance of payments:

current account - credit

current account - debit

capital/financial accounts - credit

capital/financial accounts - debit

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