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
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.
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?
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