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snowicefox17 snowicefox17
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5 years ago

Question 1.

Which of the following is NOT a category in the U.S. balance of payments account?

• past-due account

• financial account

• official reserve transactions account

• current account

Question 2.

Which of the following statements is TRUE about the role that service exports and imports have in the balance of payments?

• Service exports and imports are not included in the balance of payments because it is impossible to transport a service to another country.

• Service exports and imports are included in the balance of payments in the official reserve transactions account.

• Service exports and imports are included in the balance of payments in the labor account.

• Service exports and imports are included in the balance of payments in the current account.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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peaceout3000peaceout3000
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5 years ago
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snowicefox17 Author
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#2
5 years ago
Good timing, thanks!
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