International Financial Management 13th edition by Jeff Madura Test Bank Chapter 02

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International Financial Management 13th edition by Jeff Madura Test Bank Chapter 02 1. Recently, the U.S. experienced an annual balance of trade representing a ____. a. large surplus (exceeding $100... billion) b. small surplus c. level of zero d. deficit ANSWER: d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: INFM.MADU.15.02.02 NATIONAL STANDARDS: United States - BUSPROG.INFM.MADU.15.03 STATE STANDARDS: United States - OH - DISC.INFM.MADU.15.02 KEYWORDS: Bloom's: Knowledge 2. A high home inflation rate relative to other countries would ____ the home country's current account balance, other things being equal. High growth in the home income level relative to other countries would ____ the home country's current account balance, other things being equal. a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase ANSWER: [Show More]

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