The balance of payments is divided into two major accounts the ?

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. 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...

4. Cotton accounts for 11.5 percent of value added in agriculture. How much it accounts in GDP ?

   A. 20% B. 4% C. 3.5% D. 2.7%...

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. All of the following are credit items in the balance of payments except ?

   A. investment inflows B. merchandise exports C. payments for American services to foreigners D. private gives to foreign residents...

8. 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...

9. All of the following are debit items in the balance of payments except ?

   A. capital outflows B. merchandise exports C. private gifts to foreigners D. foreign aid granted to other nations...

10. 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...