A. insure that the sum of all debits matches the sum of all credits
B. insure that trade imports equals the value of trade exports
C. obtain an accurate account of a balance of payments deficit
D. obtain an accurate account of a balance of payments surplus
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Related Mcqs:
- Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium economic theory suggests that the nation’s balance of payments would move into a surplus position if there occurred in the nation a (an) ?
- A. increase in the money demand B. decrease in the money demand C. increase in the money demand D. None of the above...
- Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium its balance of payments would move into a surplus position if there occurred in the nation a (an) ?
- A. decrease in the money supply B. increase in the money supply C. decrease in the money demand D. None of the above...
- The difference between a country’s balance of payments and its balance of international indebtedness?
- A. is equal to official reserve transactions B. occurs because of foreign exchange fluctuations C. reflects statistical discrepancies D. reflects the difference between flow and stock concepts...
- Debit entries on the balance of payments are the entries that would ?
- A. mean a loss of foreign exchange B. bring foreign exchange into the country C. indicate a surplus exist D. exist at the bottom line after all accounts are totaled...
- In balance of payments accounting tourism and travel are classified in the ?
- A. merchandise trade account B. services account C. unilateral transfers account D. capital account...
- Credit (+) items in the balance of payments correspond to anything that ?
- A. involves receipts from foreigners B. involves payments to foreigners C. increases the domestic money supply D. decreases the demand for foreign exchange...
- When all of the debit or credit items in the balance of payments are combined ?
- A. merchandise imports equal merchandise exports B. capital imports equal capital exports C. services exports equal services imports D. the total surplus or deficit equals zero...
- The U.S balance of payments is constructed by ?
- A. the U.S Department of labor B. the U.S Department of Agriculture C. the U.S Department of commerce D. the council of Economic Advisers to the President...
- In the balance of payments travels and tourism are included in the category of ?
- A. unilateral transfers B. capital account C. merchandise account D. services account...
- _______ is needed to balancell the balance of payments statements?
- A. credit transactions B. debit transactions C. unilateral transfers D. statistical discrepancy...
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