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WorksheetsIB Economics - Balance of Payments
Total questions: 12
Worksheet time: 6mins
This account records a nation's imports and exports of goods, services, net investment income, and net transfers.
current account
financial account
official reserves
This account records flows of money from the purchase and sale of real estate and financial assets between countries.
current account
financial account
official reserves
Leroy Jenkins buys stock in a Japanese video game company. This transaction would be recorded as
a credit to the US
a debit to the US
Leroy Jenkins buys stock in a Japanese video game company. This transaction would be recorded as
current account
financial account
official reserves
The Malaysian government buys a new Boeing 787 from the U.S. This transaction is recorded as
current account
financial account
official reserves
The U.S. Federal Reserve sells $4 million worth of Treasury bonds to a Chinese investor. This would be recorded as
current account
financial account
official reserves account
What is not a part of the BoP
Investment Account
Current Account
Financial Account
Capital Account
What is not a part of the Current Account Balance
Buying firms
Net Income Flows
Net Transfers
Balance of trade in goods and services
Which of the following is a part of the financial account?
Inheritance taxes
Transactions in patents
Reserve assets
None of the above
The U.S. Federal Reserve sells $4 million worth of Treasury bonds to the Chinese Central Bank. This would be recorded as
Official reserves in China's BOP
Official reserves in U.S.' BOP
