Interest received from U.S. holdings of foreign assets and interest paid to foreigners for U.S. investment assets is recorded in the
A) official dollar account.
B) current account.
C) official settlements account.
D) capital and financial account.
E) official reserves account.
B
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As a result of establishing a legal minimum wage above the market clearing wage
A) there will be a shortage of workers. B) firms will hire fewer workers. C) firms will hire more workers. D) fewer workers will want to work.
According to the text, a military draft is most likely to have which of the following effects on the market for fish? It will
a. increase the supply b. increase the demand c. decrease the supply d. decrease the demand e. lower the price
Describe the circumstances under which the M1 money supply could fall while the M2 money supply remains constant at the same time
Insurance works best in situations where:
a. there is a high probability of a large loss. b. the level of probability and the size of the loss are irrelevant. c. there is a high probability of a small loss. d. there is a low probability of a small loss. e. there is a low probability of a large loss.