Suppose IBM purchases a factory in Japan. This purchase is entered into which of the balance of payments accounts?
A) capital and financial account
B) official settlements account
C) trade account
D) purchases account
E) current account
A
Economics
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If Australian tourists visit Grand Canyon National Park, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
Economics
During 1970-1997, the U.S. federal government was
A) in surplus every year. B) balanced every year. C) in deficit every year. D) in deficit most of those years.
Economics