You travel to Paris and pay for a $100 dinner with your credit card. How is this accounted for in the balance of payments?
A) current account, French service import
B) current account, U.S. good export
C) financial account, U.S. asset export
D) financial account, U.S. asset import
E) financial account, French asset export
C
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Which of the following increases the supply of a product?
A) a fall in the price of the product B) a smaller number of sellers producing the product C) an increase in foreign imports of the product D) higher taxes imposed upon producers of the product
The demand for a productive resource, not for its own sake, but for use in the production of goods and services is called a ________
A) goods and services demand B) production demand C) derived demand D) resource demand
The higher the default risk on a bond, the higher the interest rate will be
Indicate whether the statement is true or false
What makes the demand for U.S. dollars change?
What will be an ideal response?