Suppose a German bank purchases a U.S. Treasury bond. This transaction would be recorded in the:
a. unilateral transfers.
b. current account.
c. capital account.
d. goods trade balance.
c
You might also like to view...
When a prisoners' dilemma game is repeated a finite number of times (T)
A) cooperation unravels during the first round of the game, resulting in the static game Nash equilibrium. B) cooperation continues until the T-2 round, where the players will switch to a non-cooperative Nash equilibrium. C) firms cooperate and achieve the collusive Nash equilibrium for all rounds. D) None of the above.
The primary economic function of financial intermediaries is to help allocate scarce resources to desired uses.
Answer the following statement true (T) or false (F)
The requirement of a "double coincidence of wants" is the chief __________ of the __________ exchange system
A) advantage; barter B) advantage; monetary C) disadvantage; barter D) disadvantage; monetary
Resource X is necessary to the production of good Y. If the price of resource X rises, the _____________ curve for good Y will shift ____________ resulting in a(n) _____________ in the equilibrium price of Y and a(n) ____________ in the equilibrium quantity of Y
A) supply; rightward; decrease; increase. B) demand; leftward; decrease; decrease C) demand; rightward; increase; increase D) supply; leftward; increase; decrease E) supply; leftward; increase; increase