A Debit in the U

question 23

Multiple Choice

A debit in the U.S.current account would be represented by

• A) earnings on U.S. investments abroad flowing into the United States.
• B) gifts that Americans make to the poor in Africa.
• C) Chinese investors purchasing the securities of the U.S. government.
• D) exports of Boeing jetliners to South Korea.

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Definitions:

Rescinded

The act of revoking, canceling, or repealing a contract, decision, or agreement, making it as if it never existed.

Scienter

Deliberately or knowingly.

Duress

Any unlawful act or threat exercised on a person whereby the person is forced to enter into an agreement or to perform some other act against his or her will.

Physical Harm

Damage or injury to a person's body.