The balance of payments of a country on current account is equal to:
The current account balance equals the balance of merchandise trade plus net invisibles. Invisibles include services, income and transfers, whereas loans and capital…
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The balance of payments of a country on current account is equal to:
Answer and explanation
Correct answer B
The current account balance equals the balance of merchandise trade plus net invisibles. Invisibles include services, income and transfers, whereas loans and capital movements belong outside the current account.
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Telangana SET (TG SET)