When U.S. Residents Purchase Foreign Assets

question 179

Multiple Choice

When U.S. residents purchase foreign assets,

• A) there is an outflow of funds from abroad and this is recorded as a negative item in the current account.
• B) there is an outflow of funds from the U.S. and this is recorded as a negative item in the capital account.
• C) there is an outflow of funds from abroad and this is recorded as a positive item in the current account.
• D) there is an outflow of funds from abroad and this is recorded as a positive item in the capital account.

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Definitions:

Gardner's Multiple Intelligences

A theory proposed by Howard Gardner suggesting that intelligence is not a single general ability, but rather a composite of multiple abilities or intelligences, including linguistic, logical-mathematical, musical, spatial, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.

Infinite Generativity

"The ability of language to produce an endless number of meaningful sentences."

Unlimited Number

A concept in mathematics indicating a quantity that is larger than any assignable quantity or countable number.

Cognitive Activities

Mental tasks that include thinking, understanding, learning, and remembering.