When a U.S.resident (1) purchases foreign treasury bills and pays by (2) drawing down his bank balances abroad,the U.S.:
A) debits short-term financial and credits official reserves
B) debits financial account for (1) and credits financial account for (2)
C) debits official reserves and credits financial account
D) credits short-term capital and debits official reserves
Correct Answer:
Verified
Q10: Which of the following is NOT an
Q11: Accommodating items are:
A) transactions in official reserve
Q12: The largest trading partner of the United
Q13: The payment of a dividend by an
Q14: In the 1960s the international investment position
Q16: When the U.S.ships food aid to a
Q17: Capital inflows:
A) refer to an increase in
Q18: Which of the following is false?
A) a
Q19: The financial account of the U.S.includes:
A) the
Q20: When the resident of a foreign nation
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