In a freely?floating exchange rate system, the sale of Japanese cars to the United States will be offset by which item on the US balance of payments?
A) a credit on the current account
B) a credit on the capital account
C) a debit on the trade account
D) a or b
Correct Answer:
Verified
Q4: A nation that is running a savings
Q5: The accounting statement that summarizes all the
Q6: The change in private domestic borrowing or
Q7: In a freely floating exchange rate system,
Q9: Suppose Lufthansa buys 10 Boeing 747s for
Q10: If a nation's income exceeds its spending,
Q11: In a freely floating exchange rate system,
Q12: In a freely floating exchange rate system,
Q13: The Japanese current account surplus can best
Q13: The balance on current account includes the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents