Of the following options, which best defines what the balance of payments is:
Global Economy Quiz 2

Quiz
•
Business
•
University
•
Medium

Alejandro Cedeno
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The tax balance of a country.
Various records of different transactions.
A record of international transactions of one country.
A record of foreign debts of foreign countries.
A balance of taxes around the world.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which balance of payments account is responsible for recording imports and exports of goods?
Current account
Errors and omissions account
Capital account
Transfers account
Official reserves account
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The official reserves or international monetary reserves account includes:
Foreign currencies, gold, SDRs, and reserve position in the IMF
National bonds and domestic stocks
Corporate foreign investments
Real estate holdings abroad
Government budget deficits
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
From the U.S. perspective, which of the following transactions is NOT a credit:
Merchandise exports
Gifts
Aid received from foreign governments
Travel expenditures
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it important for each credit entry to have a corresponding debit entry?
It allows for more flexibility in financial reporting.
It reduces the need for audits and financial reviews.
It ensures the accounting equation remains balanced.
It simplifies the accounting process by eliminating errors.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which four currencies dominate the foreign-exchange market?
US Dollar, Euro, Japanese Yen, British Pound,
Canadian Dollar
US Dollar, Euro, Japanese Yen, British Pound
US Dollar, Euro, Japanese Yen, Australian Dollar
US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A reason certain currencies are not traded is ?
High trading fees
Universal acceptance
Automatic trading by AI
Lack of liquidity
Create a free account and access millions of resources
Similar Resources on Quizizz
20 questions
Quiz # 1 - Foreign Exchange Market Quiz

Quiz
•
University
10 questions
Session 5 - Financial Forces

Quiz
•
University
12 questions
Seminar 1 part 2 -FIN435 20252

Quiz
•
University
10 questions
Basic Finance W2 (MIT)

Quiz
•
University
10 questions
Asian Economic Crisis Quiz

Quiz
•
12th Grade - University
10 questions
International Finance

Quiz
•
University
10 questions
BAFI3200 W8 Foreign Exchange Risk Exposure and Management

Quiz
•
University
15 questions
Topic 5 International Monetary System and Foreign Exchange

Quiz
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade