Question : The current account includes the balance of trade in goods, balance of trade in _______________and ____________transactions.

Option 1: services, capital

Option 2: transfers, income

Option 3: imports, exports

Option 4: investments, remittances

Question : The financial account of the Balance of Payments records:

Option 1: Imports and exports of goods

Option 2: Income from foreign investments

Option 3: International transfers of funds

Option 4: International borrowing and lending

Question : Which of the following is not a component of the current account in the balance of payments?

Option 1: Exports of goods and services

Option 2: Imports of goods and services

Option 3: Income from abroad

Option 4: Capital flows

Question : When a country's exports of goods and services exceed its imports, it is said to have a:

Option 1: Balance of payments surplus

Option 2: Balance of payments deficit

Option 3: Trade deficit

Option 4: Trade surplus

Question : The capital account of the Balance of Payments includes transactions related to:

Option 1: Imports and exports of goods

Option 2: Income from foreign investments

Option 3: International transfers of funds

Option 4: International borrowing and lending