6.4 Balance of Payments Current Account
2 hours ago
deanhoss
Save
Edit
Host a game
Play LiveLive
Assign HW
Solo Practice
Practice
10 QuestionsShow answers
  • Question 1
    30 seconds
    Report an issue
    Q. How is  the purchase of imported cars  recorded in Australia's BoP?
    answer choices
    As a goods credit in the current account
    As a goods credit in the income account
    As a goods credit in the capital account
    As a goods debit in the current account
  • Question 2
    30 seconds
    Report an issue
    Q. How is spending by tourists visiting Australia recorded in the BoP?
    answer choices
    As a service debit in the current account
    As an income credit in the current account
    As a service credit in the current account
    As a service credit in the capital account
  • Question 3
    30 seconds
    Report an issue
    Q. How is the payment of interest on foreign loans recorded in the BoP?
    answer choices
    As an income debit in the current account
    As a service debit in the current account
    As a foreign investment debit in the financial account
  • Question 4
    30 seconds
    Report an issue
    Q. Expenditure by Toyota Australia, on freight costs for imported cars, is recorded in the balance of payments as
    answer choices
    an income debit in the current account
    a service debit in the current account
    a service deficit in the current account
    an income deficit in the current account
  • Question 5
    30 seconds
    Report an issue
    Q. Development aid is different from emergency relief in that
    answer choices
    it is responsive to natural disasters
    its aim is to build the productive capacity of the recipient
    it is impossible to plan in advance.
  • Question 6
    30 seconds
    Report an issue
    Q. A rise in import spending would, ceteris paribus,
    answer choices
    increase an existing Balance on Goods and Services deficit.
    reduce an existing current account deficit
  • Question 7
    30 seconds
    Report an issue
    Q. A payment for which nothing of economic value is received in return is called
    answer choices
    a transfer payment
    a waste of money
    a Dead Weight Loss
  • Question 8
    30 seconds
    Report an issue
    Q. The Australian govt spent $19m on the construction of the Thai-Laos Friendship bridge across the Mekong River. This payment was recorded in the Balance of Payments as
    answer choices
    a debit in secondary income
    a debit in the Financial account
    a capital transfer debit
  • Question 9
    30 seconds
    Report an issue
    Q. The structural component of Australia's  Current Account Deficit (CAD) is
    answer choices
    the net income deficit.
    the trade balance.
    the fact that we spend too much on imports.
  • Question 10
    30 seconds
    Report an issue
    Q. Australia's trade balance is
    answer choices
    always a deficit
    always a surplus
    the cyclical component of the CAD
    a national disgrace
Report an issue
Why show ads?
Report Ad
Join a game