The Current Account Is

question 99

Multiple Choice

The current account is:

• A) a yearly summary of all the economic transactions between residents of one country and residents of the rest of the world.
• B) the sum of the balance of trade,net income on capital held abroad,and net transfer payments.
• C) the price of one currency in another currency.
• D) a currency whose value is not pegged but governments will intervene extensively in the market to keep the value within a certain range.

---

Definitions:

Selling Price

The amount of money for which a product or service is sold to customers.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit.

Markup Percent

The markup on the original cost of goods intended to cover running costs and generate profit.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.