A Decrease in the U

question 9

Multiple Choice

A decrease in the U.S.-owned deposit in foreign banks is an ________ to the U.S.capital.

• A) Credit to the private capital account
• B) Debit to the private capital account
• C) Credit to the official capital account
• D) Debit to the official capital account

---

Definitions:

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and growth form the basis of Keynesian economics.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which lays the foundations of classical economics.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical theories about capitalism and his influence on the development of socialist economic and political theory.

Classical Economists

Early economic theorists, primarily in the 18th and 19th centuries, who focused on the role of free markets in promoting economic growth and believed in minimal government intervention.