MGEB06H3 Lecture Notes - Lecture 11: Hanoi Stock Exchange, Loanable Funds, Risk Premium
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22 Feb 2017
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Macroeconomics notes: lecture eleven (chapter nineteen part one): A country"s balance of payments (bop) accounts record a country"s international transactions with the rest of the world. The bop accounts include the international sales (exports) and purchases (imports) of goods, services, and assets. It records payments from foreigners (arise from exports) and payments to foreigners (arise from imports). The current account records the international flows of goods and services, and net factor. Financial account (fa) income plus net international transfer payments. The financial account records the sales (exports) of assets to foreigners and the purchases. = current account balance (imports) of assets from foreigners. It records the international flows of financial capital the receipts from and the payments to foreigners arising from the exports and imports of (financial) assets respectively. It also includes international transactions carried by the by the private sector (households and firms) and the central bank. Foreign assets held by the central bank are called official reserves.
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Q46. An appreciation of the U. S. dollar would a. encourage foreigners to invest in the United States b. discourage foreigners from buying U. S. goods c. discourage the travel abroad of U. S. citizens d. encourage foreign travel in the United States Q47. The financial account of the balance of payments includes the purchase and sale of physical assets but not of financial assets. a. true b. false Q48. Special Drawing Rights are issued by the a. International Monetary Fund b. Bretton Woods Organization c. General Agreement on Tariffs and Trade d. World Bank Q49. The balance of payments includes a. only exports, imports, and service transactions b. the balance on current account, plus all capital transactions and all official transactions and the statistical discrepancy c. only the official transactions d. all goods and services produced in a nation's economy during a given year Q50. A debit item on the U. S. balance of payments is any transaction that a. results in a loss by U. S. sellers b. results in a loss by U. S. buyers c. makes foreigners use up their holdings of U. S. dollars d. makes U. S. dollars available to foreigners |