The table contains hypothetical data for the U.S. balance of payments. All figures are in billions of dollars. Item 6 indicates that
A) the United States used $15 billion of its international monetary reserves to balance its international payments.
B) the United States provided $15 billion of foreign aid to developing nations.
C) Americans provided a net amount of $15 billion in remittances to the rest of the world.
D) Americans received a net amount of $15 billion in remittances from the rest of the world.
Correct Answer:
Verified
Q1: If a U.S. importer can purchase 10,000
Q18: International transactions fall into what two broad
Q40: Several countries in the world today peg
Q42: Which of the following combinations is plausible,
Q43: In 2018, the capital account in 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