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The assistance of U.S. charities to poor families in forieign countries will be counted in the balance of payments as part of a. the financial

  1. The assistance of U.S. charities to poor families in forieign countries will be counted in the balance of payments as part of

a.

the financial account

b.

Net factor income from abroad

c.

Net unilateral transfers

d.

The assistance would not be counted in the balance of payments

  1. If a country is spending more than its income then it must have

a.

a current account surplus and a financial account deficit

b.

both a current account and financial account surplus

c.

both a current and financial account deficit

d.

a current account deficit and a financial account surplus

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