Under a System of Flexible Exchange Rates,balance-Of-Payments Deficits and Surpluses

question 36

Multiple Choice

Under a system of flexible exchange rates,balance-of-payments deficits and surpluses show up

• A) in a country's central bank purchases and sales of foreign currencies.
• B) in gold flows into and out of the country.
• C) as changes in exchange rates rather than as central bank transactions.
• D) as the net difference between debit and credit items in the balance of payments accounts.
• E) in the unilateral transfer account in the balance-of-payments accounts.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved in the control of basic emotions and drives, such as fear, pleasure, and anger.

Thalamus

Structure of the brain that directs incoming information from sense receptors (such as vision and hearing) to the cerebrum.

Psychological Approach

Approach to abnormality that focuses on personality, behavior, and ways of thinking as possible causes of abnormality.

Abnormal Behavior

Actions, thoughts, or feelings that are significantly deviant from cultural norms or expectations.