In international trade, all payments and gifts that are related to the purchase or sale of both goods and services are referred to as the
A) current account.
B) capital account.
C) labor account.
D) official reserve transactions account.
A
You might also like to view...
When a bakery manager reports that productivity of the 15 workers at her bakery last month was 1,800 loaves per worker, she is referring to the
A. marginal product of labor. B. total product of labor. C. total product of capital. D. average product of labor.
The international capital market is
A) the place where you can rent earth moving equipment anywhere in the world. B) a set of arrangements by which individuals and firms exchange money now for promises to pay in the future. C) the arrangement where banks build up their capital by borrowing from the Central Bank. D) the place where emerging economies accept capital invested by banks. E) exclusively concerned with the debt crisis that ended in the 1990s.
If Verizon Wireless and T-mobile, another wireless service company, were to merge, this would represent
A) a vertical merger. B) a horizontal merger. C) a cartel. D) an up-and-down merger.
In the meetings of the Governing Council of the European Central Bank, formal votes are:
A. taken and released two years after the meetings. B. taken but not published for five years. C. taken and published immediately. D. not taken, since formal voting could get in the way of good policy.