In a Country's Balance-Of-Payments, Which of the Following Transactions Are

question 35

Multiple Choice

In a country's balance-of-payments, which of the following transactions are debits?

• A) Domestic bank balances owned by foreigners are decreased.
• B) Foreign bank balances owned by domestic residents are decreased.
• C) Assets owned by domestic residents are sold to nonresidents.
• D) Securities are sold by domestic residents to nonresidents.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes, leading to changes in belief or behavior to reduce the discomfort.

Elliot Aronson

An influential psychologist known for his research on social influence, group dynamics, and the theory of cognitive dissonance.

Theory of Planned Behavior

A psychological theory that links one's beliefs and attitudes towards behaviors to their actual behavioral intentions and actions.

Theory of Reasoned Action

A theory that suggests individuals' behavioral intentions are shaped by their attitudes toward the behavior and subjective norms surrounding it.