Economics CC 2 Sec ON 1 Week 6 Assignment 6

Economics CC 2 Sec ON 1 Week 6 Assignment 6 | chatbot las positas  community college

Question 1

Which of the following is a credit in the U.S. current account?    

·         A U.S. consumer buys a TV made in Malaysia.    

·         Singapore Airlines buys a jumbo jet made in the United States.    

·         British investors purchase U.S. government bonds.    

·         An American citizen flies to Lithuania on the Lithuanian Airlines.

Question 2

What would be the statistical discrepancy for a current account balance of -$85 billion and a financial account balance of $80 billion?  

·         -$165 billion    

·         -$5 billion    

·         $5 billion    

·         $165 billion

Question 3

Whenever there is a deficit in the current account, the financial account:  

·         will be negative.    

·         will be positive.    

·         will be zero.    

·         could be negative, positive, or zero.

Question 4

If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar,  

·         both the U.S. dollar and the yen have appreciated.  

·         both the U.S. dollar and the yen have depreciated.  

·         the U.S. dollar has appreciated and the yen has depreciated.  

·         the U.S. dollar has depreciated and the yen has appreciated.

Question 5

U.S. imports are considered:    

·         a credit or plus item in the U.S. balance of payments.    

·         a credit or minus item in the U.S. balance of payments.  

·         a debit or plus item in the U.S. balance of payments.    

·         a debit or minus item in the U.S. balance of payments.