Q6. Larry Goren, CFA, is an economist for the Federal Reserve Bank. He is interested in using a country’s balance of payments as a forecasting tool in determining exchange rates. He notices that China has a high current account balance resulting in a large surplus in its balance payments. It can be implied that: A) China provided a great deal of financial assistance to other nations. B) China’s international currency reserve holdings have increased. C) China received a great deal of income flows from the sale of trade merchandise and services and payments on its existing investments.
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发表于 2009-1-13 14:10
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