
Unit 7 Learning Target 3 Practice Quiz
Authored by Chris Schriever
Social Studies
10th - 12th Grade
Used 1+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Measure of the flow of financial and economic capital to and from the country;" best defines which of the following terms?
Balance of Payments
Financial/Capital Account
Current Account
Balance of Trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Will the following scenario cause the US Balance of Trade to move toward a TRADE SURPLUS or a TRADE DEFICIT?
An American buys 35 pounds of chocolate made in Germany.
Trade Surplus
Trade Deficit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Will the following scenario cause the US Balance of Trade to move toward a TRADE SURPLUS or a TRADE DEFICIT?
A car dealership in Tokyo buys 1,000 Tesla vehicles (which are produced in the US).
Trade Surplus
Trade Deficit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital/Financial account includes
Buying of Foreign Company’s Stocks and Bonds
Money Invested in Buying Economic Capital in a Foreign Country
Money Put into Foreign Banks
all of them
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Current Account includes
Dividend Payments from Investments
Interest Payments from Savings Accounts
International Aid
all of them
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Jorge Martinez from Spain buys a shopping center in Florida. How would this be recorded in the US's Balance of Payments?
A credit in the capital/financial account
A debit in the capital/financial account
A credit in the current account
A debit in the current account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The acquisition of a US-based pro football team by a rich foreign investor would count as
A debit on the capital/financial account
A credit on the current account
A debit on the current account
A credit on the capital/financial account
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