Multiple Choice
Which of the following is not a credit item (+) in the U.S.balance of payments?
A) imports of cars from Japan
B) any transaction that results in an inflow of dollars
C) a capital outflow
D) a U.S.firm's purchase of steel from a European steel mill
E) an increase in American vacations abroad
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The United States is a net importer
Q3: The capital account keeps track of the
Q4: Exhibit 20-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 20-4
Q5: In determining the exchange rate between U.S.dollars
Q6: Because of the accounting techniques used, the
Q8: The merchandise trade balance does not include<br>A)exports
Q9: Which of the following is not considered
Q10: In the United States, imports have exceeded
Q11: The current account reflects<br>A)trade in tangible products<br>B)trade
Q12: The current international monetary system is<br>A)a flexible