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Home  arrow Student Resources  arrow Chapter List  arrow Chapter 3: The Balance of Payments  arrow Self-Assessment Quiz

Self-Assessment Quiz

This activity contains 10 questions.

Question 1.
A country experiencing a serious BOP _________ is more likely to __________ imports than otherwise.

End of Question 1

Question 2.
For a given period, it is necessary that the BOP balance, but the current account may be out of balance.

End of Question 2

Question 3.
Which of the following is NOT an example of an exchange of financial assets?

End of Question 3

Question 4.
Over the last several years, the United States has run a ________ in the goods trade balance and a __________ in the services trade balance.

End of Question 4

Question 5.
In 2002 the United States posted a current account ___________, and the services trade balance was a __________ .

End of Question 5

Question 6.
Which of the following would be considered a direct investment either into or from the United States?

End of Question 6

Question 7.
The role of official reserves is _____________ under a __________exchange rate regime.

End of Question 7

Question 8.
If most major economies are operating under a regime of fixed exchange rates, then a ___________ in a country's balance of payments suggests that the country should ____________ its currency.

End of Question 8

Question 9.
The era between 1880 and 1914, when the gold standard was in use, was characterized by decreasing capital mobility.

End of Question 9

Question 10.
An excess of merchandise exports over merchandise imports results in a balance of trade surplus.

End of Question 10

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