(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 33

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1、EconomicsToday:TheMacroView,19e(Miller)Chapter33ExchangeRatesandtheBalanceofPayments33.1TheBalanceofPaymentsandInternationalFinancialFlows1)ThebalanceofpaymentsisA)thevalueofgoodsandservicesboughtandsoldintheworldmarket.B)asummaryrecordofacountry'seconomictransactionswithforeignresid

2、entsandgovernments.C)asummaryrecordofacountry'spurchasesandsalesofgoodsandservicesintheworldmarket.D)thevalueofmerchandisegoodsboughtandsoldintheworldmarket.Answer:BDiff:1Topic:33.1TheBalanceofPaymentsandInternationalFinancialFlowsLearningOutcome:Macro-15:Describehowgovernmentpolicie

3、sandexchangeratesaffectopeneconomymacroeconomicsAACSB:Analyticalthinking2)Asystemofaccountsthatmeasuresthetransactionsofgoods,services,income,andfinancialassetsbetweendomestichouseholds,businesses,andgovernmentsandresidentsoftherestoftheworldduringaspecifictimeperiodistheA)capitalacc

4、ount.B)currentaccount.C)balanceofpayments.D)balanceoftrade.Answer:CDiff:1Topic:33.1TheBalanceofPaymentsandInternationalFinancialFlowsLearningOutcome:Macro-15:DescribehowgovernmentpoliciesandexchangeratesaffectopeneconomymacroeconomicsAACSB:Analyticalthinking3)Netunilateraltransferswo

5、uldappearinanation'sA)currentaccount.B)capitalaccount.C)officialreservetransactionaccount.D)financialaccount.Answer:ADiff:1Topic:33.1TheBalanceofPaymentsandInternationalFinancialFlowsLearningOutcome:Macro-15:Describehowgovernmentpoliciesandexchangeratesaffectopeneconomymacroeconomics

6、AACSB:Analyticalthinking95Copyright©2018PearsonEducation,Inc.4)Acountry'sbalanceofpaymentsshowsaA)detailedrecordoftheimportandexportofservicesforthecountry.B)detailedrecordofthecountry'simports.C)summaryrecordofinternationalfinancialassistancereceivedbythecountry.D)summaryrecordofaco

7、untry'seconomictransactionswithforeignresidentsandgovernmentsoverayear.Answer:DDiff:1Topic:33.1TheBalanceofPaymentsandInternationalFinancialFlowsLearningOutcome:Macro-15:DescribehowgovernmentpoliciesandexchangeratesaffectopeneconomymacroeconomicsAACSB:Analyticalthinking5)Thebalanceof

8、tradeisdefin