Question : The current account includes the balance of trade in goods, balance of trade in _______________and ____________transactions.
Option 1: services, capital
Option 2: transfers, income
Option 3: imports, exports
Option 4: investments, remittances
Correct Answer: services, capital
Solution : The correct answer is (a) services, capital
The current account includes the balance of trade in goods, the balance of trade in services, and transactions related to income and transfers. Specifically, the balance of trade in goods represents the difference between a country's exports and imports of tangible goods. The balance of trade in services reflects the difference between a country's exports and imports of intangible services, such as tourism, transportation, and financial services. Transactions related to income include earnings from investments and remittances, while transfers include unilateral transfers of funds, such as foreign aid or personal remittances.
Question : The capital account of the Balance of Payments includes transactions related to:
Question : The current account includes the balance of trade in goods, balance of trade in services, and balance of _______________transactions.
Question : The current account of the Balance of Payments includes:
Question : A favorable balance of payments occurs when the value of ________________exceeds the value of_______________.
Question : In the Balance of Payments, the capital account records transactions related to:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile