Which of the following equations correctly describes the U.S. balance of payments in 2017?
a. current account balance – financial account balance + statistical discrepancy = net balance
b. current account balance + financial account balance – statistical discrepancy = net balance
c. current account balance + financial account balance + statistical discrepancy = net balance
d. current account balance – financial account balance - statistical discrepancy = net balance
c. current account balance + financial account balance + statistical discrepancy = net balance
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The omission of household production causes actual economic production to be underestimated
Indicate whether the statement is true or false
What is the difference between accounting profits and economic profits? Which of the two concepts is more appropriate for explaining decisions made by entrepreneurs? Explain
What will be an ideal response?
During the Great Recession, securitization:
a. Permitted mortgage originators to shift the negative impact of their underwriting mistakes to investors. b.Was one of the only sources of relief for investors who were suffering heavy losses on their mortgage investments. c. Was one of the main strategies used by the Federal Reserve to cure the economic downturn. d. Was caused by excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.
Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's required reserves?
A) $30 million B) $70 million C) $100 million D) $300 million