Asked by Steven Camarena on Jul 16, 2024
Verified
The current account section in a nation's balance of payments includes
A) its goods exports and imports and its services exports and imports.
B) foreign purchases of domestic assets.
C) purchases of foreign assets.
D) all of these.
Current Account
A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.
Goods Exports
The act of sending domestically produced goods to another country for sale or trade.
- Analyze the implications of balance of payments figures on the economic vitality of a nation.
- Recognize the functions of various accounts in a country's balance of payments, such as the current account, capital account, and financial account.
Verified Answer
MA
Mostafa Abdel HadiJul 17, 2024
Final Answer :
A
Explanation :
The current account section in a nation's balance of payments includes its goods exports and imports and its services exports and imports. Foreign purchases of domestic assets and purchases of foreign assets are included in the capital and financial accounts respectively.
Learning Objectives
- Analyze the implications of balance of payments figures on the economic vitality of a nation.
- Recognize the functions of various accounts in a country's balance of payments, such as the current account, capital account, and financial account.