Which one of the following is NOT a part of the current account of a country's balance of payments?
The Current Account of a country's Balance of Payments records exports and imports of visible goods, invisible services, investment income (interest and dividends), and…
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Which one of the following is NOT a part of the current account of a country's balance of payments?
Answer and explanation
Correct answer B
The Current Account of a country's Balance of Payments records exports and imports of visible goods, invisible services, investment income (interest and dividends), and unilateral transfers. Portfolio Investment (FPI/FII flows in stocks and bonds) is recorded in the Capital and Financial Account.
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