The net balance of payments is
A. The difference between the current account balance and the capital account balance.
B. The difference between exports and imports.
C. The sum of the current account balance and the trade account balance.
D. The sum of the current account balance and the capital account balance.
Answer: D
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An agreement to exchange dollar bank deposits for euro bank deposits in one month is a
A) spot transaction. B) future transaction. C) forward transaction. D) deposit transaction.
Expansionary monetary policy is essentially finished once the Fed reduces the federal funds rate to zero
a. True b. False Indicate whether the statement is true or false
If competition is viewed as a dynamic process, then firm size should not be a primary concern and antitrust policy should not necessarily aim at increasing the number of firms in an industry
Indicate whether the statement is true or false
The government budget constraint implies that
A) government borrowings = government spending+ transfers - taxes and user charges. B) government borrowings = taxes and user charges + government spending - transfers C) government spending = transfers - taxes and user charges - government borrowing. D) government spending = government borrowing - transfers - taxes and user charges