1 The Balance of Trade for a country

a. is the difference between value of exports minus value of imports

b.is included in the Balance of Payments

c.Indicates the strength or weakness of a country in international trade

d.All of the above

2 Reserves of a commercial bank are

a.Cash inside the safe of a bank

b.Vault cash and deposits at the Federal Reserve

c.Currency at the bank branches and ATMs

d.Currency at the bank branches