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

Question

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

Team Careers360 · Accepted Answer

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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Question : Which of the following is a current account transaction?Option 1: Buying foreign currencyOption 2: Selling domestic currencyOption 3: Exporting goods and servicesOption 4: Investing in foreign stocks

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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