Question 1
Which of the following is an item in the U.S. current account?
◦ net investment income
◦ the change in foreign private assets in the United States
◦ the change in private U.S. assets abroad
◦ the change in foreign government assets in the United States
Question 2
An Italian citizen buys a U.S. bond. This transaction will be entered as
◦ a credit in the U.S. current account.
◦ a credit in the U.S. capital account.
◦ a debit in the U.S. current account.
◦ a debit in the U.S. capital account.