Egypt's exports of cotton and imports of computers would be included in the ____ part of Egypt's current account.

Question

Quizplus · Accepted Answer

Cotton exports and computer imports are both considered merchandise trade, which falls under the merchandise account in the current account. The payment flow refers to the overall balance of payments, including current account and capital account transactions. The services category covers non-merchandise transactions, such as transportation, tourism, and intellectual property rights. Unilateral transfers refer to gifts, grants, and other one-way transfers of funds that are not part of a commercial transaction.

Egypt's Exports of Cotton and Imports of Computers Would Be