Exam 10: The Balance-of-payments

The _____ tabulates the U.S.Balance of Payments

The U.S.balance of trade is determined by:

Because the rest of the world has accepted dollars,the United States has faced virtually no (or minimal) constraint on its ability to realize current-account deficits.

A positive balance on the goods-and-services account of the balance of payments indicates an excess of exports over imports which must be added to the nation's gross domestic product.

When a country realizes a deficit on its current account:

Concerning the U.S.balance of payments,which account is defined in essentially the same way as the net export of goods and services,which comprises part of the country's gross domestic product?

In recent years,the United States has been an example of

On the U.S.balance-of-payments statement,the following transactions are credits,leading to the receipt of dollars from foreigners: merchandise exports,transportation receipts,income received from investments abroad,and investments in the United States by foreign residents.

As the world's main reserve currency,the U.S.dollar is used throughout the world as a

The balance of payments refers to the stock of trade and investment transactions that exists at a particular point in time.

The role of ____ is to direct one nation's savings into another nation's investments:

Reducing a current account surplus requires a country to:

A negative balance in the capital and financial account suggests that a country

The current account of the United States would move toward a surplus as a result of

For the first time since World War II,the United States became a net international creditor in the mid-1980s and has remained so ever since.

Table 10.2.International Investment Position of the United States -For the first time since World War I,in 1985 the United States became a net international:

That German investors collect interest income on their holdings of U.S.Treasury bills constitutes a credit transaction on the U.S.balance of payments.

According to researchers at the Federal Reserve,the loss of jobs associated with a deficit in the current account tends to be:

Which of the following is considered a capital inflow?

In the balance-of-payments statement,statistical discrepancy is treated as part of the merchandise trade account because merchandise transactions are generally the most frequent source of error.