Which of the following are included in the U.S. current account balance?
I. exports to Japan
II. interest payments made to Canada
III. transfer payments made to Israel
A) I only
B) I and II
C) I and III
D) I, II and III
D
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What is "brain drain"?
A) increased recruiting efforts that attempt to raise the average level of education in developed nations B) the loss of highly educated people from a low-income country as they move to higher-income opportunities in foreign countries C) foreign direct investment that flows from a developed country to a developing country D) the tendency for highly educated workers in high-income countries to move to low-income countries to volunteer their services
For a normal distribution, the skewness and kurtosis measures are as follows:
A) 1.96 and 4 B) 0 and 0 C) 0 and 3 D) 1 and 2
The three variables predicted by forecasting are the timing, magnitude, and length of exchange rate movements.
a. true b. false
The financial system:
A. gathers information about the economy in an effort to inform the public. B. brings together savers and borrowers in a set of interconnected markets where people trade a variety of financial products. C. connects the government to those truly in need of public services. D. is used to help individuals keep track of the general price level.