Problem1 what is meant by the balance of payments2 what, Ask an Expert

Economics

Problem

1. What is meant by the balance of payments?

2. What economic transactions give rise to the receipt of dollars from foreigners? What transactions give rise to payments to foreigners?

3. Why does the balance-of-payments statement "balance"?

4. From a functional viewpoint, a nation's balance of payments can be grouped into several categories. What are these categories?

5. What financial assets are categorized as official reserve assets for the United States?

6. What is the meaning of a surplus (deficit) on the

(a) merchandise trade balance,

(b) goods and services balance, and

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92738791

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