The current account balance is equal to
A. The trade balance times unilateral transfers.
B. Imports minus exports.
C. Exports minus imports.
D. The trade balance plus unilateral transfers plus net investment income.
Answer: D
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The relationship between income and education is clear. At every age, those with more education earn more
a. True b. False
Cross-country figures indicate that
a. countries with high rates of monetary growth also experience high inflation. b. countries with high rates of monetary growth experience low inflation. c. monetary growth rates and inflation are unrelated. d. inflation is primarily the result of restrictive monetary policy.
Which of the following persons would be considered employed?
A) Jennifer, a teacher who is on a two month maternity leave but will return to work after. B) All of the above persons are considered employed. C) Sam, a 12 year old who helps his mom stock shelves at her gift shop. D) Ron, a recently enrolled full-time college student in hopes of finding a well-paying job.
Currently the requirement of holding a non-interest-bearing reserve account at the Fed must be met by:
A. all banks, member or not. B. member banks and nonmember banks over $100 million in assets. C. only nationally chartered banks. D. only member banks.