A U.S. mutual fund buys stocks issued by a Columbian company. This purchase is an example of
a. U.S. foreign direct investment. It increases Columbia's net capital outflow.
b. U.S. foreign direct investment. It decreases Columbia's net capital outflow.
c. U.S. foreign portfolio investment. It decreases Columbia's net capital outflow.
d. U.S. foreign portfolio investment. It increases Columbia's net capital outflow.
c
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The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, they
A) hindered growth. B) had little or no effect on growth. C) encouraged growth. D) are the main factor in the success of the East Asian economies.
The demand for money is a relationship between: a. the price level and the amount of cyclical unemployment
b. the price level and the actual output produced in an economy. c. the interest rate and how much money people choose to hold. d. the interest rate and how much money people earn during a certain time period. e. the interest rate and the rate of inflation.