« previous next »

Author Question: The current account is the record of A) changes in the government's holdings of foreign currency. ... (Read 63 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
The current account is the record of
 
  A) changes in the government's holdings of foreign currency.
  B) the nation's exports but not its imports.
  C) payments for imports, receipts for exports, net interest, and net transfers.
  D) a nation's international trading, borrowing, and lending.
  E) foreign investment in the nation minus the nation's investment abroad.

Question 2

What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?
 
  What will be an ideal response?


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A fractional reserve banking system is a system in which depository institutions hold reserves that are less than the amount of total deposits. They have been in existence at least 2,500 years.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

A stallion with a proven competition record is one criterion for being a suitable sire. A stallion with a proven competition record is one criterion for being a suitable sire.
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Ocean sediment cores preserve a record of ice sheet growth and decay Ocean sediment cores preserve a record of ice sheet growth and decay
The current status of gene therapy worldwide The current status of gene therapy worldwide
Key foreign policy agencies Key foreign policy agencies
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library