1. An U. S. based vintner exports $10 million worth of wine to China. This would lead to _________.

a) $10 million debit (negative) to the U. S. current account b) $10 million credit (positive) to the U. S. current account

2. A trade is considered as part of the U. S. official settlement account if:

a) international reserve assets are traded by the central bank. b)U. S. treasury bonds are purchased by foreign institutional investors.