The balance of income earned on assets owned in other countries is referred to as

Question

Quizplus · Accepted Answer

Income earned on assets owned in other countries is referred to as investment income. It is a component of the current account of the balance of payments, which also includes the balance of goods and services and the official transfer. Choice A and D are incorrect as they do not specifically refer to income earned on assets owned in other countries. Choice B refers to government bonds rather than income earned on assets.

The Balance of Income Earned on Assets Owned in Other