When the United States has a deficit on its current account, this means that
A. the dollar value of goods exported must exceed the dollar value of goods imported.
B. in this year, Americans supplied more dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
C. in this year, Americans supplied fewer dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
D. the dollar value of goods imported must exceed the dollar value of goods exported.
B. in this year, Americans supplied more dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
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Bank reserves include
A) vault cash and deposits with the Federal Reserve. B) loans to bank customers and deposits with the Federal Reserve. C) vault cash and loans to bank customers. D) customer checking accounts and vault cash.
A lender of last resort
A) makes loans when no one else will. B) makes loans without regard for risk. C) is a firm that is forced to make loans for its own survival. D) Both A and B. E) None of the above.
If the GDP in one year is greater than it was in the previous year, then economic growth must have occurred
Indicate whether the statement is true or false
How does an expansionary monetary policy affect aggregate expenditures according to the bank lending channel?
What will be an ideal response?