The Balance of Payment of a country on current account is equal to
The current-account balance equals the balance of trade plus net invisible exports. Invisible transactions include services, income and transfers, while capital flows belong…
Choose your answer
The Balance of Payment of a country on current account is equal to
Answer and explanation
Correct answer B
The current-account balance equals the balance of trade plus net invisible exports. Invisible transactions include services, income and transfers, while capital flows belong outside the current account.
Practice for these exams
-
Tamil Nadu SET (TNSET)