All of the following are surplus items on the balance of payments accounts EXCEPT
A) U.S. residents purchases of gold from foreign residents.
B) foreign tourists spending funds in the United States.
C) exports of merchandise.
D) sales of U.S. dollars to foreign residents.
A
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An agency that regulates labor markets is the
A) Equal Employment Opportunity Commission. B) Environmental Protection Agency. C) Federal Trade Commission. D) Consumer Product Safety Commission.
The interest rate that the Fed charges banks that borrow reserves from it is the
a. federal funds rate b. discount rate c. reserved rate d. investment rate e. check rate
Suppose a student group from your university tours the United Kingdom. As they purchase English goods, their actions will
a. create a demand for dollars and a supply of English pounds in the foreign exchange market. b. create a demand for English pounds and a supply of dollars in the foreign exchange market. c. cause the U.S. dollar to appreciate. d. cause the English pound to depreciate.
Suppose a case of French wine has a price of 1,500 euros. To a U.S. wine importer, its price falls from $300 to $280. This could happen as a result of the dollar ___________ against the euro, which means the euro has a ____________ dollar price
A) depreciating; higher B) depreciating; lower C) appreciating; higher D) appreciating; lower