What is the official settlements account of the balance of payments? How are official settlements deficits and surpluses associated with movements in the international reserves of the balance of payments?
What will be an ideal response?
The official settlements account records the purchases and sales of the country's international reserves. Just as on the private sector's capital account, if the central bank increases its ownership of international reserves, this is recorded as a debit, whereas a sale of international reserves is a credit. Thus, if the official settlements account is in surplus, the country is losing international reserves.
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According to the 2011 Razorfish Customer Engagement Report, which of the following channels is the least important for customer engagement?
A) transactional e-mail B) company websites C) social networking sites D) traditional word-of-mouth
The major criticism of the lower of cost or market rule for valuation of inventory is that
A) holding losses are recognized, but holding gains are not. B) holding gains are recognized, but holding losses are not. C) the total difference between selling price and cost is usually recognized in the period of the sale. D) the conservatism principle is violated because of the use of the floor constraint.
What are reasons that a negative reaction to change may develop?
What will be an ideal response?
In Latvia, only one six-lane highway exists, connecting Riga, its capitol, with Moscow. Otherwise, the roads are two-lane and many are made of cobblestones or bricks. This limits the speed with which deliveries can be made and requires that delivery trucks be quite small. The road network in Latvia is an example of problems with a country's
A. fixed-asset base. B. geopolitical wealth. C. asset wealth. D. capital improvements. E. economic infrastructure.