
Balance of Payments Practice
Authored by Jana Lane
Social Studies
12th Grade
Used 6+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following will be accounted for on the current account of an economy’s balance of payments?
Dividends from foreign investment
Sale of copyright
FDI
Short term flows of hot money
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would appear as a credit item in the UK balance of payments?
Dividend payments by Rolls Royce to Irish investors
Money sent by UK residents to their relatives abroad
Expenditure by the British Government in maintaining foreign embassies overseas
The expenditure of Japanese tourists on holiday in Britain
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Japanese tourists spend $3 million in the U.S.; U.S tourists spend $5 million in Japan.
Current Account
Capital and Financial Account
Credit
Debit
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Small Boutique, a store in New Zealand, buys $5,000 worth of purses from a U.S.-based brand for their store.
Current Account
Capital and Financial Account
Credit
Debit
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Sam Boney, U.S. ice-rink magnate, buys stock in a Chilean ice-rink chain.
Current Account
Capital and Financial Account
Credit
Debit
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Miss Kater, an American, invests $100,000 into a resort in Indonesia
Current Account
Capital and Financial Account
Credit
Debit
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A Saudi Arabian company sells oil to an American gas station chain.
Current Account
Capital and Financial Account
Credit
Debit
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