The Current Account

question 114

Multiple Choice

The current account

• A) keeps track of all spending flows on imports and exports of goods and services.
• B) keeps track of all spending flows on imports and exports of goods and services and assets.
• C) is an ongoing balance of what is owed a nation by foreigners.
• D) is an ongoing balance of a nation's foreign debts.

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Definitions:

Two Shells

Refers to bivalves, a class of aquatic mollusks with bodies enclosed by a pair of hinged shells.

Structure Labeled

A term probably meant to describe a diagram or illustration where specific parts have been marked and named to indicate their identity or function.

Function

The specific role or activity of an organ, structure, or substance in an organism or system.

Veliger Larval

A stage in the development of some mollusks, characterized by the presence of a ciliated swimming organ and the beginnings of the foot, shell, and mantle.