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

Question

Quizplus · Accepted Answer

Exports and imports of services fall under the current account of the balance of payments, which includes transactions related to the trade of services (such as tourism and business consulting), income from investments, and transfer payments. The capital account includes transactions related to capital transfers and acquisition/disposal of non-produced, non-financial assets. Merchandise trade refers to the import and export of physical goods. The corporate account is not a category within the balance of payments.

Exports and Imports of Tourism and Business Consulting Are Included