Which of the following accounts are included in the calculation of Balance of Payments?
(a) Financial Account, Savings Account, Capital Account.
(b) Savings Account, Current Account, Financial Account.
(c) Financial Account, Current Account, Capital Account.
(d) Capital Account, Current Account, Savings Account.
Answer: (c) Financial Account, Current Account, Capital Account.
Economics
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Which of the following economic theories became popular in the 1930s in response to the shortcomings of existing theories of the Great Depression?
a. New classical theory b. Classical theory c. Traditional Keynesian theory d. Monetarist theory e. New Keynesian theory
Economics
What are the two reasons that people want to hold money? In other words, what are the two types of demand for money?
What will be an ideal response?
Economics