Exam 10: The Balance of Payments

A surplus on Germany's goods-and-services balance indicates that Germany has sold more goods and services to foreigners than it has bought from them over a one-year period.

All of the following are debit items in the balance of payments,except:

Debt (-)items in the balance of payments correspond to anything that:

The balance of international indebtedness is a record of a country's international:

On the balance-of-payments statements,merchandise imports are classified in the:

Referring to the balance-of-payments statement,an international transaction refers to the exchange of goods,services,and assets between residents of one country and those abroad.

U.S.military aid granted to foreign countries is entered in the:

Unlike the balance of payments,the balance of international indebtedness indicates the international:

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.

For the first time since World War I,in 1985 the United States became a net international:

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?

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

Often,countries realizing rapid economic growth rates possess long-run current account deficits.

A country that is a net international debtor initially experiences:

On the U.S.balance-of-payments statement,a capital inflow would occur if a Swiss resident purchases the securities of the U.S.government.

In the balance of payments,the statistical discrepancy is used to:

The value to American residents of income earned from overseas investments shows up in which account in the U.S.balance of payments?

On the U.S.balance of payments,the following transactions are debits,leading to payments to foreigners: merchandise imports,travel expenditures,gifts to foreign residents,and overseas investments by U.S.residents.

Most economists contend that any reduction in the current account deficit is better achieved through increased national saving than through reduced domestic investment.

The official reserve assets of the United States consist of holdings of gold and foreign corporate securities.