Which of the Following Is Included a Country's Current Account

question 42

Multiple Choice

Which of the following is included a country's current account?
i.Exports of services
ii.Net transfers
iii.Increases in currency holdings

• A) i), ii), and iii)
• B) i) and ii)
• C) i) and iii)
• D) ii) and iii)

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Definitions:

Currency

A system of money in general use in a particular country.

Eurodollar Deposit

A U.S. dollar-denominated deposit held at banks outside the United States, typically used in international transactions.

American Dollar

The official currency of the United States, also known as the USD or US dollar.

London Bank

Generally refers to banks based in London, a major international financial center, but without specifying any particular institution or its activities.