Which international account is used to record payments for imports, receipts from exports, net interest paid abroad and net transfers?

Most of the increase in the monetary base between 2007 and 2012 was due to increases in:

A) currency B) bank deposits C) excess reserves D) Treasury bills

Public choice analysis indicates that elected political officials will find debt financing

a. unattractive because voters will recognize that excessive debt will lead to the future collapse of the economy. b. attractive because countries with a higher debt to GDP ratio generally grow more rapidly. c. unattractive because both politicians and voters will recognize that a larger outstanding debt will mean higher future taxes. d. attractive because current spending can provide voters with highly visible goods, services, and transfer payments, while borrowing will push the most visible cost of this spending into the future.