3. Which account made the greatest contribution to the China's BOP surplus these years? A. Current account B. Capital account c. Official settlement balance D. Net errors and omissions 4. What impacts will appreciation of local currency generate on this country's BOP in the long run? A. Export increases, import decreases B. Import increases, export decreases C. Export increases, import increases D. Export decreases, import decreases 5. Disequilibrium of BOP caused by should be long term and sustainable A. Switch between prosperity and recession B. Changes in currency values C. Random changes of short term factors D. Trade tariff ) of BOP statement. 6. Reduction in foreign debt will be recorded in ( A. Capital and financial account B. Current account C.Net errors and omission D. Reserve 7. FDI (foreign direct investment) is the acquisition of foreign financial assets that results in an ownership share of percent or more. A. 20 C. 10 D. 30 B.25 8.If the U.S. runs current account deficits, we can expect that A. it may act as a net debtor in the rest of the world B. its domestic saving may less than its domestic investment C. its domestic production is less than its domestic consumption D. all of the above