The capital account is the sum of the balance of trade,net income on capital held abroad,and net transfer payments.
Correct Answer:
Verified
Q219: A country can adopt a fixed exchange
Q220: Which of the following is NOT a
Q221: If the United States imports $5 million
Q222: Anyone who runs a persistent trade deficit
Q223: What country is the World Bank's largest
Q225: Foreign aid is a net addition to
Q226: The balance of payments is always balanced.
Q227: Holding official reserves constant,a deficit in the
Q228: A country that is a great place
Q229: A current account deficit decreases the balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents