Question : Which account in the Balance of Payments records the flow of goods, services, and income between residents and non-residents?

Option 1: Current Account

Option 2: Capital Account

Option 3: Financial Account

Option 4: Reserve Account

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 : The balance of trade is a part of which account in the Balance of Payments?

Option 1: Current Account

Option 2: Capital Account

Option 3: Financial Account

Option 4: Reserve Account

Question : In the Balance of Payments, the capital account records 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

Question : The capital account of the Balance of Payments records 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