If the current account is a deficit of 25 then (a) the capital ...

[go.lag]

If the current account is a deficit of 25 then
 
  (a) the capital account is a surplus of 25.
  (b) the cash account is a surplus of 25.
  (c) the capital account is a surplus of 25 if the cash account is zero.
  (d) the cash account is a deficit of 25

Question 2

The growth of the Euromarkets resulted in
 
  a. developing-country governments borrowing from European banks instead of American and Japanesebanks
  b. higher interest rates in Europe than in the U.S. and Japan
   c. a general trend toward substituting foreign aid for bank lending
   d. a general trend toward substituting bank lending for foreign aid
   e. none of the above

[mjbamaung]

Answer to Question 1

C

Answer to Question 2

D

[go.lag]

Excellent

[elyse44]

TYSM