The current account in a balance of payments records
a. all money flows among countries
b. exports and imports of goods and services
c. only the international transactions involving capital goods
d. only the international transactions involving consumer goods
e. only exports and imports purchased on credit
B
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The reason we are willing to accept money with no intrinsic value is that
A) the money supply is backed by an equal amount of gold and silver. B) we have a fiduciary monetary system in which currency has both acceptability and predictability of value. C) the value of the money varies directly with changes in the price level. D) paper currency may be exchanged for full-bodied money.
Why might spending on basic literacy for girls have a social return that exceeds the private return?
What will be an ideal response?