Exports and imports of tourism and business consulting are included in which of these?
A) Services within the current account
B) Capital account
C) Merchandise account within the current account
D) Corporate account

Question

Quizplus · Accepted Answer

Tourism and business consulting involve services, which are included in the current account of a country's balance of payments. The current account measures the flow of goods and services into and out of a country, whereas the capital account measures financial transactions such as investments and loans. The merchandise account within the current account refers specifically to the trade of physical goods. The corporate account is not a recognized category within the balance of payments.

Exports and Imports of Tourism and Business Consulting Are Included