The home country current account keeps track of

• A.Net payment received by home country from the rest of the world through financial asset trade.
• B.Home country net export plus net factor payments to the home country plus net transfer payments to the home country.
• C.Net payment received by home country from the rest of the world through trades of per-existing assets.
• D.Net payment received by home country from the rest of the world through reserve currency transaction.

A home country capital account keeps tract of

• A.Net payment received by the home country from the rest of the world through trades in financial assets and per-existing real assets.
• B.Home country net export plus net factor payment to the home country plus net transfer payment to the home country.
• C.Net payment received by the home country from the rest of the world through trades in newly produced goods.
• D.Net payments received by the home country from the rest of the world through trades in newly produced capital.

Without knowing the country of origin of a good customs officials would-

• A.Not be able to determine the import duty to charge on the good.
• B.Not be able to place the good in the bonded warehouse.
• C.Not be able decide if to allow the good to enter the country.
• D.All of the above.
• E.A and C above

The granting of preferential or non-preferential treatment to an imported good can be determined by

• A.The country of origin of the good.
• B.The tariff classification of the good.
• C.The manufactured process the good went through.
• D.All of the above.
• E.A and B above

Grenada's Common External Tariff is used by

• A.Most WTO Member States.
• B.All OECS Member States.
• C.CARICOM Member States.
• D.A and C

The Harmonized Commodity Description and Coding System was developed

• A.To allow CARICOM Member States to charge import duties on imported goods.
• B.To allow all countries to charge import duties on imported goods.
• C.To allow all countries to place any imported good in a specified category
• D.A and C above

Which item(s) below would be directly entered in the home country current account

• A.A rest of the world citizen's purchase of home country Treasury Bills.
• B.Foreign aid to the rest of the world.
• C.Purchases by the rest of the world of cigars newly produced within the home country.
• D.Interest payment received by the home country holder of a rest of the world bond issue.
• E.All but A.