The table above gives some of the balance of payments accounts of the United States in 2017
a. What is the current account balance?
b. What is the capital and financial account balance?
c. What is the official settlements account balance?
a. The current account balance is $200 billion.
b. The capital and financial account balance is -$220 billion.
c. The official settlements account balance is $20 billion.
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What was the primary reason the Income Tax Amendment of 1913 was passed?
(a) To pay off the public debt accumulated during the Civil War (1861–65) (b) To pay off the public debt accumulated during World War II (1941–45) (c) To grant the federal government access to revenues beyond those from land sales, customs and excise taxes (d) To pay off the current account deficit
An advantage of owning stock in a corporation as opposed to being a bondholder is that
a. stocks carry a guaranteed dividend b. stock dividends are paid out of corporate profits before the bondholders are paid c. stockholders' dividends are linked to the size of the corporation's profits d. bonds carry more risk e. bond payments are not guaranteed by the government