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In the U.S. Balance of Payments, foreign purchases of U.S. goods are recorded as: O a. An inflow to the Current Account O b. An

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In the U.S. Balance of Payments, foreign purchases of U.S. goods are recorded as: O a. An inflow to the Current Account O b. An outflow to the Current Account O C. An inflow to the Financial Account O d. An outflow to the Financial Account Which of the following is true concerning the dealer's bid/ask quote in the foreign exchange (FX) market? Select one: a. The ask rate is the rate at which the dealer will buy the currency. b. The bid rate is the rate at which the dealer will sell the currency c. The ask rate is the rate at which the dealer will sell the currency O d. The bid rate will always be higher than the ask rate

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