1. Currency inflows (payments by residents of any other country to U.S. residents) are recorded as debits in the U.S. BOP.
TRUE
FALSE.
2. The sale of computers to Argentina is a credit in the U.S. current account.
TRUE
FALSE.
3. The purchase of clothing from China is a debit in the U.S. current account.
TRUE
FALSE.
4. The current international monetary system requires all countries to fix their exchange rates in terms of the U.S. dollar.
TRUE
FALSE.