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1. 
Assume that the United States is experiencing a current account deficit. Which of the following statements is necessarily true?
A.
The current account is positive.
B.
The financial account is experiencing a deficit.
C.
The financial account is experiencing a surplus.
2. 
Assume that the United States is experiencing a current account surplus. Which of the following statements is necessarily true?
A.
The current account is negative.
B.
The current account is positive.
C.
The financial account is experiencing a surplus.
3. 
Assume that the United States is experiencing a financial account deficit. Which of the following is necessarily true?
A.
The current account is experiencing a surplus.
B.
The financial account is positive.
C.
The current account is experiencing a deficit.
4. 
Assume that the United States is experiencing a financial account surplus. Which of the following is necessarily true?
A.
The current account is negative.
B.
The current account is experiencing a surplus.
C.
The financial account is negative.
5. 
What does the current account plus the financial account equal?
A.
0
B.
100
C.
200
6. 
Assume that the current account shows a value of -$200 billion. What is the value of the financial account?
A.
-$200 billion
B.
+$200 billion
C.
$0
7. 
Assume that the financial account shows a total of +$150 billion. What is the value of the current account?
A.
$0
B.
+$150 billion
C.
-$150 billion
8. 
Any transaction that causes money to flow into a country is a
A.
Debit
B.
Credit
C.
Deficit
9. 
Any transaction that cause money to flow out of a country is a
A.
Dividend
B.
Credit
C.
Debit
10. 
Assume that the United States has a negative balance of trade. Which of the following is necessarily true?
A.
The United States exports more than it imports.
B.
The United States imports more than it exports.
C.
The financial account is experiencing a deficit.