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Multiple Choice Quiz
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1

The U.S. current account does not include:
A)net exports of goods.
B)U.S. grants to foreign countries.
C)the sale of U.S. bonds to foreigners.
D)income receipts from foreigners.
2

Which of the following is entered as a credit in the U.S. balance of payments?
A)A construction company in the U.S. imports $5 million worthof steel from Japan.
B)Gold leaves the U.S. Treasury for another country.
C)An American auto manufacturer exports $56 million in cars to Europe.
D)The United States grants $4 billion in aid to Russia.





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