Asked by Jeremy Quinonez on Jul 09, 2024
Verified
The flow of payments for purchases and sale of financial assets is included in the current account balance of a nation.
Current Account Balance
The sum of a country's net income from foreign trade, net current transfers, and net income, often indicating the country's economic health.
- Acknowledge the setup and pieces of a country's balance of payments.
Verified Answer
HA
Hannah AbrahamJul 13, 2024
Final Answer :
False
Explanation :
The flow of payments for purchases and sale of financial assets is included in the financial account balance of a nation, not the current account. The current account primarily includes trade in goods and services, income receipts, and one-way transfers.
Learning Objectives
- Acknowledge the setup and pieces of a country's balance of payments.