Which of the following sets of activities falls entirely within the capital account of the balance of payments? Select one: a. tourism; remittances; foreign direct investment. b. imports; a change in the NIR; remittances. c. foreign direct investment; foreign portfolio investment; net services balance. d. transfers; portfolio investment; a change in the net international reserves. e. foreign direct investment; portfolio investment; a rise in the net international reserves. 2. If there is a real appreciation of the local currency, then it takes Select one: a. less domestic currency to buy foreign currency. b. more local currency to buy foreign currency. c. fewer domestic goods to buy foreign goods. d. more local currency to buy foreign goods. e. more local goods to buy foreign goods.
Which of the following sets of activities falls entirely within the capital account of the balance of payments? Select one: a. tourism; remittances; foreign direct investment. b. imports; a change in the NIR; remittances. c. foreign direct investment; foreign portfolio investment; net services balance. d. transfers; portfolio investment; a change in the net international reserves. e. foreign direct investment; portfolio investment; a rise in the net international reserves. 2. If there is a real appreciation of the local currency, then it takes Select one: a. less domestic currency to buy foreign currency. b. more local currency to buy foreign currency. c. fewer domestic goods to buy foreign goods. d. more local currency to buy foreign goods. e. more local goods to buy foreign goods.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 45P: Table 23.7 provides some hypothetical data on macroeconomic accounts for three countries represented...
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Which of the following sets of activities falls entirely within the capital account of the balance of payments?
Select one:
a.
tourism; remittances; foreign direct investment.
b.
imports; a change in the NIR; remittances.
c.
foreign direct investment; foreign portfolio investment; net services balance.
d.
transfers; portfolio investment; a change in the net international reserves.
e.
foreign direct investment; portfolio investment; a rise in the net international reserves.
2. If there is a real appreciation of the local currency, then it takes
Select one:
a.
less domestic currency to buy foreign currency.
b.
more local currency to buy foreign currency.
c.
fewer domestic goods to buy foreign goods.
d.
more local currency to buy foreign goods.
e.
more local goods to buy foreign goods.
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