A U.S. citizen's gift for famine relief in Somalia would be considered a:

Question

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A U.S. citizen's gift for famine relief in Somalia would be considered a current account transaction as it involves a transfer of funds for a specific purpose (relief aid) to another country. It does not involve the exchange of goods or services, which would make it a service trade transaction. It also does not involve any investment or return on investment, which would make it a capital inflow or outflow.

A US Citizen's Gift for Famine Relief in Somalia Would Be