test bank 9Word文档下载推荐.docx

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d.Serviceexports

4.Whichofthefollowingisconsideredacapitalinflow?

a.AsaleofU.S.financialassetstoaforeignbuyer

b.AloanfromaU.S.banktoaforeignborrower

c.ApurchaseofforeignfinancialassetsbyaU.S.buyer

d.AU.S.citizen’srepaymentofaloanfromaforeignbank

5.WhichofthefollowingwouldcallforinpaymentstotheUnitedStates?

a.AmericanimportsofGermansteel

b.GoldflowingoutoftheUnitedStates

c.Americanunilateraltransferstoless-developedcountries

d.AmericanfirmssellinginsurancetoBritishshippingcompanies

6.Inacountry’sbalanceofpayments,whichofthefollowingtransactionsaredebits?

a.Domesticbankbalancesownedbyforeignersaredecreased

b.Foreignbankbalancesownedbydomesticresidentsaredecreased

c.Assetsownedbydomesticresidentsaresoldtononresidents

d.Securitiesaresoldbydomesticresidentstononresidents

7.WhichofthefollowingisclassifiedasacreditintheU.S.balanceofpayments?

a.U.S.exports

b.U.S.giftstoothercountries

c.AflowofgoldoutoftheU.S.

d.ForeignloansmadebyU.S.companies

Table10.1giveshypotheticalfiguresforU.S.InternationalTransactions.Onthebasisofthisinformation,answerQuestions8and9.

Table10.1. U.S.InternationalTransactions

Amount

Transaction（billionsofdollars）

Merchandiseimports110

Militarytransactions,net–5

Remittances,pensions,transfers–20

U.S.privateassetsabroad–50

Merchandiseexports115

Investmentincome,net15

U.S.governmentgrants（excludingmilitary）–5

ForeignprivateassetsintheU.S.25

Compensationofemployees–5

AllocationofSDRs5

Travelandtransportationreceipts,net20

8.RefertoTable10.1.Thegoodsandservicesbalanceequals:

a.$5billion

b.$15billion

c.$20billion

d.$25billion

9.RefertoTable10.1.Thecurrentaccountbalanceequals:

a.–$5billion

b.–$10billion

c.–$15billion

d.–$20billion

10.Unlikethebalanceofpayments,thebalanceofinternationalindebtednessindicatestheinternational:

a.Investmentpositionofacountryatagivenmomentintime

b.Investmentpositionofacountryoveraone-yearperiod

c.Tradepositionofacountryatagivenmomentintime

d.Tradepositionofacountryoveraone-yearperiod

11.Whichofthefollowingindicatestheinternationalinvestmentpositionofacountryatagivenmomentintime?

a.Thebalanceofpayments

b.Thecapitalaccountofthebalanceofpayments

c.Thecurrentaccountofthebalanceofpayments

d.Thebalanceofinternationalindebtedness

12.ConcerningtheU.S.balanceofpayments,whichaccountisdefinedinessentiallythesamewayasthenetexportofgoodsandservices,whichcomprisespartofthecountry’sgrossdomesticproduct?

a.Merchandisetradeaccount

b.Goodsandservicesaccount

c.Currentaccount

d.Capitalaccount

13.IfanAmericanreceivesdividendsfromthesharesofstocksheorheownsinToyota,Inc.,aJapanesefirm,thetransactionwouldberecordedontheU.S.balanceofpaymentsasa:

a.Capitalaccountdebit

b.Capitalaccountcredit

c.Currentaccountdebit

d.Currentaccountcredit

14.IftheUnitedStatesgovernmentsellsmilitaryhardwaretoSaudiArabia,thetransactionwouldberecordedontheU.S.balanceofpaymentsasa:

a.Currentaccountdebit

b.Currentaccountcredit

c.Capitalaccountdebit

d.Capitalaccountcredit

15.TheU.S.balanceoftradeisdeterminedby:

a.Exchangerates

b.Growthofeconomiesoverseas

c.Relativepricesinworldmarkets

d.Alloftheabove

16.U.S.militaryaidgrantedtoforeigncountriesisenteredinthe:

17.IftheU.S.facesabalance-of-paymentsdeficitonthecurrentaccount,itmustrunasurpluson:

a.Theofficialsettlementsaccount

b.Thecapitalaccount

c.Eithertheofficialsettlementsaccountorthecapitalaccount

d.Boththeofficialsettlementsaccountandthecapitalaccount

18.ThecurrentaccountoftheU.S.balanceofpaymentsdoesnotinclude:

a.Investmentincome

b.Merchandiseexportsandimports

c.Thesaleofsecuritiestoforeigners

d.Unilateraltransfers

19.TheU.S.hasabalanceoftradedeficitwhenits:

a.Merchandiseexportsexceeditsmerchandiseimports

b.Merchandiseimportsexceeditsmerchandiseexports

c.Goodsandservicesexportsexceeditsgoodsandservicesimports

d.Goodsandservicesimportsexceeditsgoodsandservicesexports

20.ThevaluetoAmericanresidentsofincomeearnedfromoverseasinvestmentsshowsupinwhichaccountintheU.S.balanceofpayments?

b.Tradeaccount

c.Unilateraltransfersaccount

21.ConsiderTable10.2.TheU.S.balanceofinternationalindebtednesssuggeststhattheUnitedStatesisanet:

a.Debtor

b.Creditor

c.Spender

d.Exporter

Table10.2. InternationalInvestmentPositionoftheUnitedStates

U.S.assetsabroad

U.S.governmentassets$800billion

U.S.privateassets$200billion

ForeignassetsintheU.S.

Foreignofficialassets$600billion

Foreignprivateassets$300billion

22.ForthefirsttimesinceWorldWarI,in1985theUnitedStatesbecameanetinternational:

a.Exporter

b.Importer

c.Debtor

d.Creditor

23.Acountrythatisanetinternationaldebtorinitiallyexperiences:

a.Anaugmentedsavingspoolavailabletofinancedomesticspending

b.Ahigherinterestrate,whichleadstolowerdomesticinvestment

c.Alossoffundstotradingpartnersoverseas

d.Adecreaseinitsservicesexportstoothercountries

24.Credit（+）itemsinthebalanceofpaymentscorrespondtoanythingthat:

a.Involvesreceiptsfromforeigners

b.Involvespaymentstoforeigners

c.Decreasesthedomesticmoneysupply

d.Increasesthedemandforforeignexchange

25.Debt（–）itemsinthebalanceofpaymentscorrespondtoanythingthat:

c.Increasesthedomesticmoneysupply

d.Decreasesthedemandforforeignexchange

26.Whenallofthedebitorcredititemsinthebalanceofpaymentsarecombined:

a.Merchandiseimportsequalmerchandiseexports

b.Capitalimportsequalcapitalexports

c.Servicesexportsequalservicesimports

d.Thetotalsurplusordeficitequalszero

27.Inthebalanceofpayments,thestatisticaldiscrepancyisusedto:

a.Ensurethatthesumofalldebitsmatchesthesumofallcredits

b.Ensurethattradeimportsequalthevalueoftradeexports

c.Obtainanaccurateaccountofabalance-of-paymentsdeficit

d.Obtainanaccurateaccountofabalance-of-paymentssurplus

28.Allofthefollowingarecredititemsinthebalanceofpaymentsexcept:

a.Investmentinflows

b.Merchandiseexports

c.PaymentsforAmericanservicestoforeigners

d.Privategiftstoforeignresidents

29.Allofthefollowingaredebititemsinthebalanceofpaymentsexcept:

a.Capitaloutflows

c.Privategiftstoforeigners

d.Foreignaidgrantedtoothernations

30.Theroleof________istodirectonenation’ssavingsintoanothernation’sinvestments.

a.Merchandisetradeflows

b.Servicesflows

c.Currentaccountflows

d.Capitalflows

31.Whenacountryrealizesadeficitonitscurrentaccount:

a.Itsnetforeigninvestmentpositionbecomespositive

b.Itbecomesanetdemanderoffundsfromothercountries

c.Itrealizesanexcessofimportsoverexportsongoodsandservices

d.Itbecomesanetsupplieroffundstoothercountries

32.Reducingacurrentaccountdeficitrequiresacountryto:

a.Increaseprivatesavingrelativetoinvestment

b.Increaseprivateconsumptionrelativetosaving

c.Increaseprivateinvestmentrelativetoconsumption

d.Increaseprivateinvestmentrelativetosaving

33.Reducingacurrentaccountdeficitrequiresacountryto:

a.Increasethegovernment’sdeficitandincreaseprivateinvestmentrelativetosaving

b.Increasethegovernment’sdeficitanddecreaseprivateinvestmentrelativetosaving

c.Decreasethegovernment’sdeficitincreaseprivateinvestmentrelativetosaving

d.Decreasethegovernment’sdeficitanddecreaseprivateinvestmentrelativetosaving

34.Reducingacurrentaccountsurplusrequiresacountryto:

c.Decreasethegovernment’sdeficitandincreaseprivateinvestmentrelativetosaving

35.Concerningacountry’sbusinesscycle,rapidgrowthofproductionandemploymentiscommonlyassociatedwith:

a.Largeorgrowingtradedeficitsandcurrentaccountdeficits

b.Largeorgrowingtradedeficitsandcurrentaccountsurpluses

c.Smallorshrinkingtradedeficitsandcurrentaccountdeficits

d.Smallorshrinkingtradedeficitsandcurrentaccountsurpluses

36.Theb