In a Nation's Balance of Payments, the Current Account Includes

question 83

Multiple Choice

In a nation's balance of payments, the current account includes

• A) the changes in the official reserve transaction account.
• B) the purchases of foreign assets.
• C) the balance of the trade account, the balance of the services account, and net unilateral transfers.
• D) all of the above.

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Definitions:

Mental Set

A tendency to solve problems using procedures that worked before on similar problems.

Stereotype Threat

A burden of doubt a person feels about his or her performance, due to negative stereotypes about his or her group’s abilities.

Cognitive Ethology

The study of cognitive processes in nonhuman animals.

Cognitive Processes

The mental activities involved in acquiring, storing, retrieving, and using information, including perception, memory, and reasoning.