Based on Table 9.1, the balance on the financial account is
A) +100.
B) +200.
C) 0.
D) -100.
E) -200.
D
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Suppose prices are quoted in dollars and transactions are conducted in pesos. The dollar serves as a
A) medium of exchange. B) store of value. C) unit of account. D) all of the above.
The table above gives the demand schedule for snow peas. The price elasticity of demand between $6.00 and $7.00 per bushel is
A) 1.0. B) 2.0. C) 2.6. D) 5.0.
When the Fed decreases the money supply, the interest rate
a. rises b. falls c. remains unchanged d. rises during recessions only, otherwise remains unchanged e. falls during recessions only, otherwise remains unchanged
If a U.S. importer has to write a $200 check to cover a 20,000 yen purchase from Japan, the exchange rate is
A. 200 yen to a dollar. B. 100 yen to a dollar. C. 20 yen to a dollar. D. 10 yen to a dollar.