Question : Which of the following is a current account transaction?
Option 1: Buying foreign currency
Option 2: Selling domestic currency
Option 3: Exporting goods and services
Option 4: Investing in foreign stocks
Answer (1)
14th Jan, 2024
Correct Answer: Exporting goods and services
Solution : The correct answer is (c) Exporting goods and services
Exporting goods and services is a current account transaction. The current account of the Balance of Payments (BoP) records transactions related to trade in goods and services, income flows, and unilateral transfers.
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