Suppose the Change in the Government's Debt-To-GDP Ratio in a Given

question 32

Multiple Choice

Suppose the change in the government's debt-to-GDP ratio in a given year is -0.018.This figure tells us that the government's debt-to-GDP ratio has

• A)fallen by 0.018%.
• B)risen by 0.018%.
• C)risen by 1.8 percentage points.
• D)fallen by 1.8 percentage points.
• E)risen by 0.018 percentage points.

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Definitions:

Transfer

The act of moving or passing from one person, place, or situation to another, often referring to the ownership or title of property or assets.

Checks

Financial instruments that order a bank to pay a specific amount of money from the writer’s account to the person or entity in whose name the check has been issued.

Depositary Bank

The first bank that receives a check for payment.

Collecting Bank

Any bank, with the exception of the payor bank, that handles a check during the check collection process.