Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. A double-entry bookkeeping system for recording a nation's transactions with the rest of the world.
b. A component of a nation's balance of payments that tracks purchases and sales of goods and services.
c. A record of flows of short-term and long-term funds into and out of a nation.
d. A system of payments between countries in which each nation agrees to accept paper money or coins in return for gold bullion at predetermined prices.
e. Each nation selects its own exchange rate policy.

Question

Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. A double-entry bookkeeping system for recording a nation's transactions with the rest of the world. 
b. A component of a nation's balance of payments that tracks purchases and sales of goods and services. 
c. A record of flows of short-term and long-term funds into and out of a nation.
d. A system of payments between countries in which each nation agrees to accept paper money or coins in return for gold bullion at predetermined prices. 
e. Each nation selects its own exchange rate policy.

Quizplus · Accepted Answer

The Answer of Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. A double-entry bookkeeping system for recording a nation's transactions with the rest of the world. 
b. A component of a nation's balance of payments that tracks purchases and sales of goods and services. 
c. A record of flows of short-term and long-term funds into and out of a nation.
d. A system of payments between countries in which each nation agrees to accept paper money or coins in return for gold bullion at predetermined prices. 
e. Each nation selects its own exchange rate policy.

Using the The Description or the Definition Below, Identify Each