It is not unusual to find a business that displays a signsaying “no personal checks, please.” On the basis of thisobservation, comment on the relative degree of liquidityof a checking account versus currency

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Please help me with 4 and 7. Thank you 4. Show (using the credit/debit tables) how each of the following would affect theU. S. Balance Of Payment. Your records should include a description of the transactionbeing recorded, which specific account is affected, and the accompanying credit/debitentry.a. A U. S. airplane manufacturer imports $600,000 in parts from a Canadian firm. It usesa U. S. bank account to pay for the parts.b. The Bank of England (U.K. central bank) buys $2 million in U. S. Treasury bonds froman American securities firm. c. An Italian tourist charges $400 to his Mastercard (issued by an Italian bank) for a hotel room in New York City.d. A Chinese catering company purchases $30,000 in helium tanks from a U. S. weldingfirm. The Chinese catering company uses deposits from a bank in China.e. A French firm forgives a $250,000 loan to an oil refinery located in Louisianafollowing a hurricane.   7. During the 1980s, the United States experienced “twin deficits” in…

78. Which of the following measures of money includes only coins and notes in circulation (currency outside banks)? (А) Mi. (В) M1+. (С) М2. (D) M2+.