Which of the following statements is INCORRECT?
A) Net interest income is recorded in the official settlements account.
B) A change in U.S. official reserves is recorded in the official settlements account.
C) Payments for imports and receipts from exports are recorded in the current account.
D) Foreign investment in the United States and U.S. investment abroad are recorded in the capital account.
Correct Answer:
Verified
Q302: If a country is importing more than
Q303: To pay for a current account deficit,
Q304: U.S. official reserves are the .
A) U.S.
Q305: The account used to record changes in
Q306: If foreign investment in the United States
Q308: When there is a current account deficit
Q309: The official settlements account for the United
Q310: If the official settlements account equals zero,
Q311: If the U.S. government increased its holdings
Q312: If the current account balance is -
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