Special drawing rights (SDRs) are
A) a reserve asset created by the International Monetary Fund that countries can use to settle international payment obligations.
B) a liability payment from a branch bank to a nation's central bank.
C) a country's surpluses in their fiscal budgets.
D) exchanges of gold between nations.
A
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The current account balance of the balance-of-payments account equals
A. the domestic production of goods and services. B. net foreign investment. C. the sum of national savings and domestic capital formation. D. net credits minus debits involving changes in nonofficial foreign financial assets and liabilities.
In the simple liquidity-preference model, the money supply curve is:
A. vertical, and moves when people change their rate of savings. B. horizontal, and moves at the sole discretion of the Fed. C. vertical, and moves at the sole discretion of the Fed. D. horizontal, and moves when people change their rate of savings.