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msouthern msouthern
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5 years ago

Question 1.

The record of a country's transactions in goods, services, and assets with the rest of the world is its



▸ balance of payments.

▸ balance of trade.

▸ capital account.

▸ current account.

Question 2.

Any transaction that causes foreign exchange to leave a country is a



▸ credit item in that country's balance of trade.

▸ debit item in that country's balance of payments.

▸ credit item in that country's balance of payments.

▸ debit item in that country's balance of trade.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Cele_1015Cele_1015
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msouthern Author
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#2
5 years ago
Smart ... Thanks!
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