The current account includes
A) the value of trade in merchandise.
B) services.
C) unilateral transfers.
D) All of the above.
Correct Answer:
Verified
Q2: Direct investment and security purchases are included
Q3: _ is necessary to "balance" the BOP
Q4: The balance of trade records
A)trade in financial
Q5: Debit entries on the Balance of Payments
Q6: _ indicates whether a country is a
Q7: A current account surplus implies that
A)the country
Q8: The excess of total credits over total
Q9: With floating exchange rates,BOP equilibrium is restored
Q10: In the BOP,travel and tourism are included
Q11: Merchandise exports minus imports equal the
A)basic balance.
B)liquidity
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