The capital account of the balance of payments includes the purchase and sale of

Question

The capital account of the balance of payments includes the purchase and sale of physical assets but not of financial assets.
True
False



Under a fixed or controlled exchange rate system, if the United States wanted to increase the value of the dollar, it could buy foreign currencies with dollars.
True
False



U.S. balance-of-payments deficits can be financed either through changes in U.S. official reserve assets or through changes in foreign official dollar holdings.
True
False



Only in developing nations would one expect the value of either exports or imports to exceed 200 percent of gross national product.
True
False


Consider a tariff levied on the importer of a consumer good. The tariff is ultimately paid by
a. the importer
b. the consumer
c. competing foreign firms
d. competing domestic firms

Explanation / Answer

False T F F D

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