Exercise-01

Exercise1第三章国际收支练习题[国际收支平衡表的记录](IandII)I.Inthisproblem,youplayaccountant,fortheUSbalanceofpayments(SoassumeUSisthedomesticcountry).Foreachofthefollowingtransactions,enterintheappropriatesub-accountthecorrespondingcredit(+)anddebit(-).UseTable1onthenextpage.(Units:millionsofU.S.$)a.TheU.S.governmentdonates$2worthofgraintoIraq.b.Americanautodealersspend$1onimportsofJaguarsfromBritain,payingbycheck.c.Japanesetouristsspend$3cashinBoston.d.Starbuck'sCoffeebuyscoffeebeansfromKenyafor$2andagreestopayindollarsfourmonthslater.e.AMexicanimmigrantsendsa20-yearU.S.savingsbondworth$1backtohisfamilyinGuadalajara.f.Attemptingtopushdownthedollar,theFedexchanges$2foryenontheforeignexchangemarket.g.Mercedes-BenzbuildsanautomobilefactoryinSouthCarolinaandpays$3forconstruction,incash.h.Ford,anAmericanfirm,receives$1asprofitsfromitssubsidiaryinBritain.i.AU.S.firmsellscomputerchipsworth$2toFranceandispaidineuros.j.APanamanianshipisleasedtocarrycargoforanAmericancompany;payment,totaling$1,isindollars.k.ASpanishfirmpays$2,bycheck,toTravelersforinsuranceservices.l.TheFed.sellsitsreserveassetswhichworth$3.m.AnArgentiniancitizenbuysstockinMicrosoftworth$1,payingbycheck.n.Citibank,anAmericanbank,lends$2toaCanadiancompany,whichagreestorepaytheloanintwoyears.II.BasedontheinformationinquestionI,indicatethefollowingcumulativebalances:a.MerchandiseTradebalanceb.Balanceongoodsandservicesc.Balanceongoods,services,andincomed.Currentaccountbalancee.Basicbalancef.OverallbalanceofpaymentsORT:officialreservestransaction.Table1abcdefghijklmnTotalExportsofGoodsImportsofGoodsMerchandiseTradeBalanceTourismTransportationOtherServicesServicesBalanceInvestmentIncomeUnilateralTransfersCurrentAccountDirectInvestmentLTPortfolioInv.STPortfolioInv.CapitalAccountOverallUSBPORTIII.Multiplechoices:1.Aninternationaltransactioninvolvinganassettradedbetweenprivatecitizensisrecordedinthe(a)merchandisetradebalance.(b)currentaccount.(c)officialreservetransactions.(d)capitalaccount.(b)investmentincome.2.Thecurrentaccountbalanceis(a)merchandisetradeplusservices.(b)balanceongoodsandservicesplusunilateraltransfers.(c)basicbalanceminusforeigndirectinvestment.(d)balanceongoodsandserviceplusinvestmentincome.(e)noneoftheabove.3.TheimportationofanautomobileintotheUSwillberecordedas(a)acreditundermerchandisetrade.(b)adebitundermerchandisetrade.(c)acreditunderinvestmentincome.(d)adebitunderinvestmentincome.(e)noneoftheabove.4.Thepurchaseofa2yearMexicanbondbyaUScitizenisrecordedintheUSas(a)adebitundershort-termcapital.(b)acreditundershort-termcapital.(c)acreditunderlong-termcapital.(d)adebitunderlong-termcapital.(e)adebitunderinvestmentincome.5.CanadasendswheattoJapaninexchangefortelevisions.InCanada,thiswillleadto(a)nochangeinthecurrentaccount.(b)amerchandisetradedeficit.(c)abalanceofpaymentsdeficit.(d)acapitalaccountsurplus.(e)noneoftheabove.6.Acountryrunningacurrent-accountsurplusis(a)buildingupapositivenetforeignassetposition.(b)reducingclaimsonforeigners.(c)accumulatingclaimsonforeigners.(d)reducingitsnetforeignassetposition.(e)(a)and(c).