On the Balance-Of-Payments Statements, Merchandise Imports Are Classified in the

question 123

Multiple Choice

On the balance-of-payments statements, merchandise imports are classified in the

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

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Definitions:

Employer

A person or entity that hires and employs workers, providing wages or salary in exchange for labor or services.

Enforceable

Capable of being imposed or upholding through legal means.

Liability

The state of being legally responsible for something, typically involving debt or legal obligations.

Landlord

An individual or entity that owns a property and rents it out to tenants in exchange for a periodic payment.