Balance sheet describes the firms financial position at a specific point of time.（)

资产负债表(balance sheet)

联邦储备的资产负债表(Fed’s balance sheet)

资产负债表：资产，负债，净值(fundamental balance sheet identity：assets，liabilities，and net worth)

描述非预期贬值对中央银行资产负债表和国际收支账户的影响。

Describe the effects of an unexpected devaluation on the central bank's balance sheet and on the balance of payments accounts．

Marcus Corp.抯 balance sheet as of December 31, 2001 is as follows (in $ millions):

Cash 30 Accounts Payable 15

Accounts Receivable 15 Long-term Debt 30

Inventory 15 Common Stock 45

Property, Plant & Equip.(net) 60 Retained Earnings 30

Total Assets 120 Total Liabilities & Equity 120

Marcus Corp.抯 current ratio is:

A.4.0.

B.3.0.

C.2.0.

D.1.0.

Show how an expansion in the central bank's domestic assets ultimately affects its balance sheet under a fixed exchange rate．How are the central bank's transactions in the foreign exchange market reflected in the balance of payments accounts？

A．The music companies put a warning label on albums.

B．The music companies don't describe violence.

C．The music companies never use strong language.

D．The music companies are encouraged to put photos on CDs.

官方结算余额(或国际收支平衡)(official settlements balance or balance of payments)

服务差额(service balance)

经常项目差额(Balance of Current Account)