Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15. The nancial account in the U.S. balance of payments includes: a. Everything in the current account. b. U.S. government payments to other countries for
15. The nancial account in the U.S. balance of payments includes: a. Everything in the current account. b. U.S. government payments to other countries for the use of military bases. c. Profits that Nissan of America sends back to Japan. d. New U.S. investments in foreign countries. ANSWER: B 16. A U.S. resident increasing her holdings of a foreign financial asset causes a: a. Credit in the U.S. current account. b. Debit in the U.S. current account. c. Credit in the U.S. capital account. d. Debit in the U.S. capital account. ANSWER: D
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started