NOTE: Please answer both multiple-choice otherwise don't answer. explain your choice. Thanks

14 - Which of the following is/are true?

I. If over-all balance< 0; that is, if the country has a net foreign payment deficit, the CB meets the demand by selling its reserve assets.

II. If over-all balance> 0 ; that is, if the country has a net foreign payment surplus, the MB will increase the foreign exchange reserves by attracting excess foreign currency supply.

III. If the transaction records are made completely and without errors (NEO = 0), the current account balance, capital and financial accounts balance and reserve assets balance sum must be zero: Current Account Balance + Capital Account Balance + Net Errors and Omissions-Finnacial Accounting Balance - Reserve Assets = 0

A) Il and III

B) I, Il and Ill

C) I and II

D) II

E) I and Ill

15 - Which of the following enters into the balance of payments recording with a negative sign?

A) Expenditures of a tourist in the home country

B) Financial aid obtained from an international institution

C) Transferred profit of a company to abroad

D) Export of a good

E) Treasury bills sold to a foreigner