Which of the following would be included in the financial account of the U.S. balance of payments?
a. The U.S. government's foreign aid
b. The purchase of a stock in a U.S. corporation by a foreigner
c. The purchase of a Japanese computer by a U.S. corporation
d. The purchase of a plane ticket from Australian Airlines by a U.S. resident
e. The purchase of a German car by a U.S. resident
Question 2
Which of the following statements about the U.S. balance of payments in 2013 is true?
a. In the third quarter of 2013, the services account recorded a deficit of 25 million.
b. In the third quarter of 2013, the current account showed a surplus of 174,091 million.
c. In the third quarter of 2013, the merchandise account showed a surplus of 179,457 million.
d. In the third quarter of 2013, the merchandise account showed a deficit of 179,457 million.
e. In the third quarter of 2013, the services account recorded a deficit of 38,175 million.
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Edward Bellamy, author of the utopian novel Looking Backward (1888) Bellamy’s socialism worried many
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Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...