From the U

question 10

Multiple Choice

From the U.S.point of view,drawing on (reducing) foreign bank balances in a New York bank represents a:

• A) capital inflow
• B) capital outflow
• C) outflow of official reserves
• D) debit in the current account

---

Definitions:

Legal Services

Professional services provided by lawyers or legal practitioners concerning consultations, legal documentation, representation, and proceedings in court.

Household Electricity

Electrical energy supplied to homes for powering appliances, lighting, and heating.

Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Telephone Services

The provision of telecommunication facilities enabling voice communication over distances.