6.1 Balance of Payment Accounts
Quiz
•
Social Studies
•
12th Grade
•
Medium
Holden Lowe
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15 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following Current Account Terms
Balance of Trade
Foreign Factor income - Foreign factor payments
Net Transfers
Net Exports, Exports - Imports
Net Foreign Factor Income
Transfers in - Transfers Out
2.
MATCH QUESTION
1 min • 1 pt
Match the following Financial/Capital Account Terms
Net portfolio Investment
Fed Sells foreign currency - Fed buys foreign currency
Net Foreign Direct Investment
Foreign direct investment in US - US direct investment abraod
Net official reserves
Foreign Investment in US - US investment abroad
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The current account + the financial account = ???
0
+
-
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the current account always balanced?
Yes
No, it can run surpluses
No, it can run deficits
No, it can run surpluses and it can run deficits
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The balance of payments (BOP) is an accounting system that records a country’s international transactions for a particular time period. It consists of ???
Current account
Financial/Capital Account
a scale that is always balanced
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Credit or Debit? Current Account or Financial Account?
Bob purchases $50,000 worth of common stock in Korean manufacturer Hyundai.
Credit
Debit
Current Account
Financial Account
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Credit or Debit? Current Account or Financial Account?
2. A buyer for Macy’s purchases $1 million dollars worth lamb’s wool sweaters from a New Zealand textile firm.
Credit
Debit
Current Account
Financial Account
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