On the Balance-Of-Payments Statement, Dividend and Interest Income Are Classified

question 45

True/False

On the balance-of-payments statement, dividend and interest income are classified as capital-account transactions.

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Definitions:

Midnight Deadline

A point in time specified as the end of a day or deadline, often used in the context of projects, assignments, or contracts to indicate the final moment something is due.

Forges

Workshops or places equipped with furnaces and tools for heating and shaping metal objects.

Reimburse

To pay back or compensate someone for expenses incurred or losses suffered.

Bounce

The return of a paper check or electronic funds transfer due to insufficient funds in the account it was drawn on.