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Question : The current account of the Balance of Payments includes:

Option 1: Trade in goods and services

Option 2: Financial transfers

Option 3: Capital transactions

Option 4: Foreign exchange reserves


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Trade in goods and services


Solution : The correct answer is (a) Trade in goods and services

This component records the exports and imports of goods and services, representing the trade balance between a country and the rest of the world.

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