Alberta School of Business
BUEC 442 – The Global Business Environment
Winter 2017
HOMEWORK I
Name: Farah Taj Student ID 1415506
Multiple Choice Questions (3 points each)
1. A credit item in the balance of payments is:
a. an item for which the country must be paid.
b. any loan given out by the country.
c. any imported item.
d. an item that creates a monetary claim owed to a foreigner.
2. _____ are money-like assets that are held by governments and that are recognized
by governments as fully acceptable for payments between them.
a. Official international reserve assets
b. Unofficial international assets
c. Official domestic assets
d. Unofficial reserve assets
3. The net value of flows of goods, services, income, and unilateral transfers is
