Log in
Economics
7
answers
0
watching
262
views

The balance of payments consists of the
a. capital account, official reserve transactions account, and recent account.
b. current account, official reserve transactions account, and monetary account.
c. current account, capital account, and official reserve transactions account.
d. current account, capital account, and gold flows.

Watch
7
answers
0
watching
262
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Define the balance of payments on the current account. Name two items relating to current account BOP and capital account BOP.

1. GDP =

a. GNP + net unilateral transfers.

b. GNP - net unilateral transfers.

c. GNP + balance on secondary income.

d. GNP - net receipts of production factor income coming from the rest of the world.

e. GNP + net receipts of production factor income coming from the rest of the world.

2. The spot exchange rate is the exchange that applies when:

a. you make a transaction today by purchasing one currency with another, executing the exchange of currencies immediately.

b. the volume on the currency market is low, i.e. "spotty", so exchange movements may be rapid with each trade.

c. you agree to make purchase one currency with another but the trading of the currencies happens, say, 3, 6, 9, or 12 months from now.

d. the exchange of currency is not electronic, but instead, you can see, i.e. "spot", the currency.

e. you agree to loan, i.e. "spot", the currency to another.

3. If Sweden's central bank sells US dollars to Swedish commercial banks in return for Swedish crowns, then according to IMF definitions, this transaction should show up in Sweden's

a. current account as a credit and in Sweden's financial account as a debit.

b. nonreserve financial account as a debit and in Sweden's official settlements balance as a credit.

c. capital account as a credit and in Sweden's financial account as a debit.

d. nonreserve financial account as a credit and in Sweden's official settlements balance as a debit.

e. capital account as a debit and in Sweden's financial account as a credit

Multiple choice.
• Which of the following is NOT a monetary policy instrument?
(a) Reserve requirement ratio.
(b) Interest on reserves.
(c) Capital gains tax rate.
(d) Open market operations.
• Given the same monetary base, the money supply is greatest under:
(a) A system without banks.
(b) 100% reserve banking.
(c) Fractional-reserve banking.
•Which of the following is NOT a function of money?
(a) Store of value.
(b) Unit of account.
(c) Medium of exchange.
(d) None of the above.
• Which of the following are included in the M1 money supply measure?
(a) 1oz of gold.
(b) A $10 bill, in mint condition.
(c) The balance of a checking account at a local bank branch.
(d) A certificate of deposit (CD, time deposit) for $1000.
(e) Answers (b) and (c).

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in