If Foreigners Held U

question 61

Multiple Choice

If foreigners held U.S.assets worth $200 billion during a certain year and the current account balance for that year was −$189 billion,the total volume of foreign assets held domestically was worth ________.

• A) $101 billion
• B) $211 billion
• C) $389 billion
• D) $421 billion

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Definitions:

Efficiency

The ability to accomplish a task or goal with the minimal waste of time, effort, and resources.

Credibility

The perception of being reliable, trustworthy, and knowledgeable, essential for effective communication and leadership.

Reciprocity/Obligation Approach

A social exchange principle suggesting that individuals feel compelled to return favors or respond in kind to the actions of others.

Appropriateness

The degree to which an action, response, or behavior matches the expected norms or circumstances.