Show:
Define It
The 3 Components
General
Miscellaneous
100
When exports are greater than imports.
What is Trade Surplus?
100
The Current Account, The Capital Account, and The Official Reserves account.
What is The 3 Components of the Balance of Payments?
100
Complies the balance-of-payments statement each year.
What is The US Commerce Department’s Bureau of Economic Analysis?
100
Imports are greater than Exports.
What is Trade Deficit?
200
Summarizes U.S. trade in currently produced goods and services.
What is Current Account ?
200
Denotated by a plus (+) sign – they credit and create revenue.
What is/are US Exports?
200
The difference between its exports and its imports of goods
What is A Country’s Balance of Trade on Goods?
200
Every unit of ________ used must have source.
What is Foreign Exchange?
300
Summarizes the purchase or sale of real or financial assets and the corresponding flows of monetary payments that accompany them.
What is Capital Account?
300
The 2 components that cause differences between imports and exports
What is Trade Surplus and Trade Deficit?
300
This represents the net investment income, represents the difference between
What is Balance on Current Account?
300
Shows all the payments a nation receives from foreign countries and all the payments it makes to them.
What is The US Commerce Department’s Bureau of Economic Analysis?
400
Quantities of foreign currencies.
What is Official Reserves?
400
Functions just the same as reserves in any other bank.
What is Official Reserves?
400
include insurance, consulting, travel, and brokerage services
What is included in the Balance of Services?
400
Foreign aid, pensions paid to U.S. citizens living abroad, and remittances by immigrants to relatives abroad
What is Net Transfers?
500
The sum of all the transactions that take place between its residents and the residents of all foreign nations.
What is Balance of Payments?
500
When put together, must equal zero(3 things)
What is the Current account, the Capital Account, and the Official Reserves Account?
500
It includes Exports and Imports of Goods, Exports and Imports of Services, tourist expenditures, interest and dividends received or paid abroad, and purchases and sales of financial or real assets abroad
What is included in the Balance of Payments?
500
The US favors Which of the following?: A. Balance-of-payments Deficit B. Balance-of-payments Surplus C. Balance on Capital Account
What is A. Balance-of-Payments Deficit?