The current account balance is equal to
A) exports - imports - net interest + net transfers.
B) exports - imports + net interest + net transfers.
C) imports - exports + net interest - net transfers.
D) exports - imports - net interest - net transfers.
E) imports - exports + net interest + net transfers.
B
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Which of the following statements is correct?
I. The Fed can periodically and without warning examine member commercial banks to ensure that they are conforming to current banking standards. II. The Fed helps the government collect certain tax revenues and aids in the purchase and sale of government securities. A) I only B) II only C) Both I and II D) Neither I nor II
Which of the following groups exerts the most control over the money supply in the United States?
a. The executive branch of government b. The legislative branch of government c. The judicial branch of government d. The Federal Reserve e. The U.S. Treasury Department