The reserves kept as cash in the vault of a commercial bank are considered its assets

Comparing aggregate expenditure and aggregate incomes shows that

A) aggregate expenditure is usually greater than aggregate income. B) aggregate income is usually greater than aggregate expenditure. C) they are equal. D) aggregate income cannot equal aggregate expenditure if we have any savings.

Under the Bretton Woods system, a country with a balance of payments deficit

a. could get loans from the U.S. government. b. could devalue if deflationary policies failed to eliminate the deficit. c. was not allowed to devalue under any circumstance. d. was required to devalue its currency immediately.