Over the last twenty years, the U.S. has generally had a current ...

[yoroshambo]

Over the last twenty years, the U.S. has generally had a current account ________ and a capital account ________.
 
  A) surplus, surplus
  B) surplus, deficit
  C) deficit, surplus
  D) deficit, deficit

Question 2

If an economy has a fixed exchange rate and it chooses to issue 10 million in bonds, what will happen according to the Monetary approach?
 
  A) It will have to increase its foreign exchange reserves.
  B) It will have to decrease its foreign exchange reserves.
  C) It will have to allow its currency to appreciate.
  D) It will have to allow its currency to depreciate.

[spencer.martell]

Answer to Question 1

C

Answer to Question 2

A