Which of the following would be a debit in the U.S. balance of payments?
a. the purchase of a Japanese car by an American
b. the purchase of air service from a U.S. airline by a Japanese traveler
c. a short-term loan extended to a Japanese manufacturer by a U.S. bank
d. the purchase of U.S. grain by a Japanese bakery
a
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The Taylor rule implies that the Fed should set the federal funds target based on which of the following?
A) the proportionate gap between actual real GDP and a measure of potential real GDP B) the current deviation of the actual inflation rate from the Fed's inflation objective C) an estimated long-run real interest rate D) all of the above
A bond is
A) a debt instrument, that is, the issuer has taken out a loan. B) an equity instrument, that is, the buyer has purchased ownership in the issuer's firm. C) the same thing as a stock. D) a short-term loan from the government.