The difference between imports and exports of merchandise goods and services is reported
A. nowhere in the Balance of Payments accounting system.
B. as the sum of the current account and the capital account.
C. in the current account.
D. in the capital account.
Answer: C
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Which of the following is not included in M1?
A. Savings account balances at a federal savings bank. B. Credit union share drafts. C. Transactions account balances at mutual savings banks. D. Currency in circulation outside of commercial banks.
The federal agencies that examine banks include
A) the Federal Reserve System. B) the Internal Revenue Service. C) the SEC. D) the U.S. Treasury.
The Beveridge Curve is the relationship between
a) Unemployment and unemployment benefits b) Unemployment and regional mismatch c) Unemployment and the output gap d) Unemployment and vacancies e) Unemployment and Union membership