Chapter 19 Quiz Ec2080

Written: Jan 13, 2019 5:58 AM - Jan 13, 2019 6:53 AMSubmission ViewYour quiz has been submitted successfully.Question 10 / 2 pointsThe record of international receipts and payments is called theA) capital and financial account.B) official settlements account.C) U.S. official reserves.D) current account.E) balance of payments.Question 22 / 2 pointsIn 2012, the United States hadA) a current account surplus because imports were greater than exports.B) a current account deficit and a capital and financial account deficit.C) a current account deficit because imports were greater than exports.D) a capital and financial account deficit because exports were greater than imports.E) no change in U.S. official reserves.Question 32 / 2 pointsThe capital and financial account is the record ofA) a nation's international trading, borrowing, and lending.B) foreign investment in the nation minus the nation's investment abroad.C) changes in the government's holdings of foreign currency.D) payments for imports, receipts for exports, net interest, and net transfers.E) the nation's imports and exports of capital goods.Question 42 / 2 pointsU.S. official reserves areA) the government's holding of foreign currency.B) equal to the value of U.S. government debt in the hands