Each of the governors of the Federal Reserve System is appointed for a term of __________ years. The Board of Governors is comprised of _____________ members and the FOMC is comprised of __________ members

Whenever there is a surplus in the current account, the capital account: a. will be negative

b. will be positive. c. will be zero. d. could be negative, positive, or zero.

Which of the following would increase the demand for U.S. dollars in the foreign exchange market?

a. the spending of U.S. tourists in France b. the purchase of Japanese automobiles by American consumers c. the sale of U.S. computer equipment to a Canadian buyer d. the purchase of a Mexican shoe factory by a U.S. investor