Question : The current account of the Balance of Payments includes:
Option 1: Trade in goods and services
Option 2: Financial transfers
Option 3: Capital transactions
Option 4: Foreign exchange reserves

Question

Question : The current account of the Balance of Payments includes:

Option 1: Trade in goods and services

Option 2: Financial transfers

Option 3: Capital transactions

Option 4: Foreign exchange reserves

Team Careers360 · Accepted Answer

Correct Answer: Trade in goods and services

Solution : The correct answer is (a) Trade in goods and services

This component records the exports and imports of goods and services, representing the trade balance between a country and the rest of the world.

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Question : The current account of the Balance of Payments includes:Option 1: Trade in goods and servicesOption 2: Financial transfersOption 3: Capital transactionsOption 4: Foreign exchange reserves

Related Questions

Question : The financial 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 includes the balance of trade in goods, balance of trade in _______________and ____________transactions.

Question : Which account in the Balance of Payments includes transactions related to foreign direct investment?

Question : The capital account of the Balance of Payments includes transactions related to:

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Question : The current account of the Balance of Payments includes:
Option 1: Trade in goods and services
Option 2: Financial transfers
Option 3: Capital transactions
Option 4: Foreign exchange reserves

Question : The current account includes the balance of trade in goods, balance of trade in ___and transactions.