The Balance of Payments & The National Economy Mcqs
The Balance of Payments & The National Economy Mcqs, this topic has 83 mcqs, It takes five to ten minutes to complete this free The Balance of Payments & The National Economy Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "The Balance of Payments & The National Economy Mcqs" MCQs and share with your friends, brothers, sisters.
The Balance of Payments & The National Economy Mcqs (Total Quiz: 83)
MCQ: The record of a country’s transactions in goods, services and assets with the rest of the world is its ?
- balance of trade
- capital account
- current account
- balance of payments
D
MCQ: Direct investment and security purchases are classified as ?
- capital account transactions
- current account transactions
- unilateral transfer transactions
- merchandise trade transactions
A
MCQ: The argument that U.S current account deficits cause net job losses for Americans ?
- is true by definition in all possible circumstances
- is supported by recent U.S history
- focuses only on the overall economy and is thus always true
- fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spend
D
MCQ: In balance of payments accounting tourism and travel are classified in the ?
- merchandise trade account
- services account
- unilateral transfers account
- capital account
B
MCQ: Purchases of government securities in the United States by foreigners is ?
- a credit item in the current account
- a debit item in the capital account
- a credit item in the capital account
- a debit item in the current account
C
MCQ: In the calculation of gross domestic product net exports are ?
- the sum of merchandise trade and services
- the current account plus long-term capital
- the value of merchandise exports minus imports
- short-term capital plus the basic balance
A
MCQ: A nation wishing to reduce its current account deficit would be advised to ?
- engage in more government spending
- reduce government taxes
- increases private investment spending
- decrease domestic consumption
D
MCQ: Current account deficit are offset by______________?
- merchandise trade deficits
- merchandise trade surpluses
- capital/financial account surpluses
- capital/financial account deficits
C
MCQ: Debit entries on the balance of payments are the entries that would ?
- mean a loss of foreign exchange
- bring foreign exchange into the country
- indicate a surplus exist
- exist at the bottom line after all accounts are totaled
A
MCQ: The current account includes ?
- the value of trade in merchandise
- services
- unilateral transfers
- All of the above
D