In the balance of payments travels and tourism are included in the category of ?

Related Mcqs:

1. 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

2. 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

3. 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

4. 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

5. 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

6. In the balance of payments the statistical discrepancy is used to ?

   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

7. 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

8. 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

9. 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

10. _______ is needed to balancell the balance of payments statements?

    A. credit transactions
    B. debit transactions
    C. unilateral transfers
    D. statistical discrepancy