A Country's Balance of Payments Accounts Include All of the Following

question 387

Multiple Choice

A country's balance of payments accounts include all of the following EXCEPT

• A) military account.
• B) capital account.
• C) official settlements account.
• D) current account.

---

Definitions:

Four Little Asian Tigers

Refers to the economies of Hong Kong, Singapore, South Korea, and Taiwan, known for their rapid industrialization and high growth rates from the 1960s to the 1990s.

Developing Countries

Countries considered to be on the road to industrialization.

Global South

A term used to describe countries considered to be among the less developed and often poorer nations, primarily located in the Southern Hemisphere.

Third World

A term originally used to describe countries that were not aligned with either the capitalist NATO bloc or the communist Eastern bloc during the Cold War, now often referring to developing countries.