Author Question: The account that records foreign investment in the United States minus U.S. investment abroad is the ... (Read 127 times)

Awilson837 · **on:** Jun 29, 2018

The account that records foreign investment in the United States minus U.S. investment abroad is the

A) capital and financial account.
B) official settlements account.
C) current account.
D) U.S. official reserves account.

Question 2

The above table gives the initial balance sheet for Mega Bank. Barney comes into the bank and deposits 50 of currency into his checking account. The desired reserve ratio is 3 percent.

After Barney's deposit, but before any other actions occur, MegaBank will have excess reserves of A) 15.00.
B) 33.00.
C) 48.50.
D) 50.00.