The unilateral transfers category in the current account refers to
A) money sent from one country to another without anything being exchanged in return
B) money sent from one country to another with goods being exchanged in return
C) goods sent from one country to another without anything being exchanged in return
D) mostly favorable, but sometimes unfavorable
E) services sent from one country to another without anything being exchanged in return

Question

Quizplus · Accepted Answer

Unilateral transfers in the current account involve money sent from one country to another without any goods, services, or financial assets being exchanged in return. This typically includes remittances, grants, and aid.

The Unilateral Transfers Category in the Current Account Refers to