Question

Can you help me on these question?
1.Which of the following resulted in a surge in

international lending to developing countries in the mid-1970s to early 1980s?

Oil-exporting countries had a low short-run propensity to save out of their extra income.

The real interest rates in the industrial countries were significantly high.

The governments of the developing countries encouraged foreign direct investment (FDI) and foreign institutional investments (FII).

Lending to developing countries gained momentum through “herding” behavior.

2. The retail part of the foreign exchange market does not include traders at banks trading with:

national governments.

stock brokers who trade in the assets of the firms in different nations.

traders at other banks.

nonfinancial companies that sometimes want to buy and sell different currencies.

3. The financial account in the U.S. balance of payments includes:

everything that is included in the current account.

payments of pensions to U.S. citizens who now live in foreign countries.

profits that Nissan of America sends back to Japan.

new U.S. investments in foreign countries.