For the United States, the external sector has been for some time
A) A deficit unit, drawing funds from the United States
B) A surplus unit, adding funds because imports are greater than exports
C) A surplus unit because exports are greater than imports
D) Neither a surplus nor deficit unit
Correct Answer:
Verified
Q1: The term financial system refers to
A) Financial
Q2: Households
A) Are dis-savers in their early and
Q3: Businesses
A) Are deficit units because the profit-maximizing
Q4: State and local governments
A) Are chronic deficit
Q5: Commercial banks
A) Are surplus units
B) Are deficit
Q7: If funds supplied by surplus units exceeded
Q8: Lower financing costs (interest rates)
A) Encourage businesses
Q9: Which of the following is characteristic of
Q10: In a competitive financial system
A) Surplus funds
Q11: If government spending were to increase and
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