___ Balance = Income - Payments derived from merchandise trade

___ transfers are subsidies made by the European Union to member countries

If the joint balance of the current account and capital account is positive, our country ___ financing capacity compared to the rest of the world

If the joint balance of the current account and capital account is negative (Payments higher than Income) ___ our external debt

The sale of shares of a Spanish company to a resident of the United States would be the sale of an ___ financial asset

Capital outflows are recorded with a ___ sign in the Financial Account

Spain's deposits abroad are a capital ___

Loans from the rest of the world to Spain have a ___ sign in the Financial Accont

If the balance of the financial balance is positive, it is said that there has been a net capital ___

When Spain imports a car to the United States and pays for the car with a check for €20,000, this represents a ___ entry in the current account of Spain due to the importation of the car

Suppose that Spain exports wine to the United States for an amount of $15,000. The export is marked with a ___ sign in the Current Account

The operation that affect ___ Account are reflected in the Reserves Variation item

If the balance of the Reserve Variation is positive, it indicates that the domestic assests are ___ in the hands of foreigners

The ___ exchange rate refers to the current exchange rate

An ___ exchange rate is an exchange rate regime where the value of one currency corresponds to the value of another currency or a basket of other currencies, or to another measure of value, such as gold

In cases of extreme ___, a central bank will normally intervene to stabilize the currency

With the floating exchange rate, if imports increase in the eurozone, the demand for the dollar ___

In a country with the gold standard system, if imports increase, the total amount of gold in a country ___

With a gold standard, fluctuations in the amount of gold that is mined could cause inflation, if there is ___

In the IMF system, if the demand for dollars increases, the euro/dollar exchange rate ___

The IMF system depended on a single currency, ___

Since World War II, barriers to international trade have been considerably ___ through international agreements

The Uruguay Round was ___

The instability of the global financial infraestructure increased dramatically, as evidenced by the financial crisis of the past ___

Around ___ of the post, telex and cables are in English

The WHO estimates that up to ___ people are on airplanes at any one time

___ mainly sell oil to Andalusia with 24.2% of imports