The U.S. balance of payments for 2020 would include a record of ______.
a. all international financial transactions of the United States made during 2020
b. any changes in international financial transactions of the United States made between 2010 and 2020
c. all international financial transactions of the United States made in years prior to 2020
d. any changes in international financial transactions of Canada with Mexico during 2020
a. all international financial transactions of the United States made during 2020
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For a country with a fixed exchange rate, foreign exchange reserves are
A) an asset of the domestic government. B) a liability of the domestic government. C) held by private banks. D) are unnecessary.
According to the equation of exchange, if real Gross Domestic Product (GDP) is $25 billion, the money supply is $10 billion, and the price index equals 2, then the income velocity of money is
A) 5. B) 10. C) 25. D) 50.