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萨尔瓦多国际经济学习题Quiz-All
萨尔瓦多国际经济学
同步习题
Chapter 13: The Balance of Payments
Multiple-choice Questions:
1. Which of the following is false?
A. A credit transaction leads to a payment from foreigners
B. A debit transaction leads to a payment to foreigners
*C. A credit transaction is entered with a negative sign
D. Double-entry bookkeeping refers to each transaction entered twice.
2. Which of the following is a debit?
A. The export of goods
B. The export of services
*C. Unilateral transfers given to foreigners
D. Capital inflows
3. Capital inflows:
A. refer to an increase in foreign assets in the nation
B. refer to a reduction in the nations assets abroad
C. lead to a payment from foreigners
*D. all of the above
4. When a U.S. firm imports goods to be paid in three months the U.S. credits:
A. the current account
B. unilateral transfers
*C. capital
D. official reserves
5. The receipt of an interest payment on a loan made by a U.S. commercial bank to a foreign resident is entered in the U.S. balance of payments as a:
A. credit in the capital account
*B. credit in the current account
C. credit in official reserves
D. debit in unilateral transfers
6. The payment of a dividend by an American company to a foreign stockholder represents:
A. a debit in the U.S. capital account
B. a credit in the U.S. capital account
C. a credit in the U.S. official reserve account
*D. a debit in the U.S. current account
7. When a U.S. firm imports a good from England a pays for it by drawing on its pound
sterling balances in a London Bank, the U.S. debits its current account and credits its:
A. official reserve account
B. unilateral transfers account
C. services in its current account
*D. capital account
8. When the U.S. ships food aid to a developing nation, the U.S. debits:
*A. unilateral transfers
B. services
C. capital
D. official reserves
9. When the resident of a foreign nation (1) sells a U.S. stock and (2) deposits the proceeds in a U.S. bank, the U.S.:
A. credits capital for (1) and debits capital
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