Home › Bihar Board Class 12 (Arts) › Economics › Open Economy Macroeconomics › Which of these is part of the current account as…
Which of these is part of the current account as per the BoP definition?
AReserve operations
BForeign investment
CUnilateral transfers
DExternal borrowing
Answer & Solution
Correct answer: C. Unilateral transfers
The current account sums the trade balance, factor income and unilateral transfers.
Related questions
If outflows exceed inflows, all else equal, a currency is likely to come under pressure toAfter Bretton Woods, the principal de facto reserve currency has been theA stronger currency tends to make a nation's exportsWho developed the theory of comparative advantage?Which 1997 event led emerging economies to rethink reliance on free markets?A BoP crisis occurs when a nation cannot pay forThe Bretton Woods system came to an end between which years?Under Bretton Woods, which currency alone stayed convertible into gold?