7. Balance of payment accounting uret which stindatd of iscectinling? A. Double entry system B. Single entry system C. Accrual basis system D. Cash basis system 8. is the term most common ly usee by econionists to descrite the relations between the trade balance and curictic) neyaluation. A. J curve B. Depreciation C. Appreciation D. Balance of Payment 9. Over time, a depreciation in the value o1 a nation's currency in the foreign exchang market will result in: A. Exports rising and imports falling B. Imports rising and exports falling C. Both imports and exports rising D. Both imports and exports falling 10. In a freely floating exchange rate systcm, a current account deficit should financial account A. surplus B. deficit C. balance D. both A and B 11. The financial account in the balance of yayments does not include the follow A. foreign direct investment B. gold C. foreign bank loans D. portfolio investment E. investment on foreign bonds 12. The financial account in the balance of payments does Not include A. foreign direct investments B. foreign portfolio investments C. Income account D. other investments