Test Bank for Foundations of Macroeconomics, 9th Edition by Bade (All Chapters included)
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Course
Foundations of Macroeconomics 9e Bade
Institution
Foundations Of Macroeconomics 9e Bade
Complete Test Bank for Foundations of Macroeconomics, 9th Edition by Robin Bade, Michael Parkin ; ISBN13: 9780136713708...(Full Chapters included and organized in reverse order from Chapter 19 to 1)...1.Getting Started
2.The US and Global Economies
3.The Economic Problem
4.Demand and Supply
5.G...
,The test bank is organized in reverse order, with the last chapter displayed first,
to ensure that all chapters are included in this document.
(Complete Chapters included Ch19-1)
Foundations of Macroeconomics, 9e (Bade)
Chapter 19 International Finance
19.1 Financing International Trade
1) The record of international receipts and payments is called the
A) balance of payments.
B) current account.
C) official settlements account.
D) capital and financial account.
E) U.S. official reserves.
Answer: A
Topic: Balance of payments
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
2) The trade between countries is recorded in accounts called the balance of
A) international trade accounts.
B) export and import accounts.
C) payments accounts.
D) currency accounts.
E) U.S. official trade account.
Answer: C
Topic: Balance of payments
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
3) The balance of payments accounts record all of the following EXCEPT the country's
A) domestic investment.
B) international borrowing.
C) international trading.
D) international lending.
E) change in official reserves.
Answer: A
Topic: Balance of payments
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
1
, 4) Which of the following is a balance of payments account?
i. current account
ii. past account
iii. capital and financial account
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
Answer: D
Topic: Balance of payments
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
5) The current account is the record of
A) a nation's international trading, borrowing, and lending.
B) payments for imports, receipts for exports, net interest, and net transfers.
C) foreign investment in the nation minus the nation's investment abroad.
D) changes in the government's holdings of foreign currency.
E) the nation's exports but not its imports.
Answer: B
Topic: Current account
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
6) The U.S. current account records
A) all the international transactions during the current year.
B) the current value of the balance of payments in U.S. dollars.
C) transactions involving trade, interest payments, and net transfers.
D) transactions involving foreign investment in the United States and U.S. investment abroad.
E) U.S. exports but not U.S. imports, which are recorded in the capital account.
Answer: C
Topic: Current account
Skill: Level 1: Definition
Section: Checkpoint 19.1
Status: Old
AACSB: Reflective thinking
2
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