What Is Not Included in the Current Account

question 12

Multiple Choice

What is not included in the current account?

• A) transactions involving goods
• B) investment income
• C) FDI
• D) transactions involving services
• E) unilateral transfers

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Definitions:

Manufacturer

An individual or company that makes goods or products from raw materials by using various forms of labor, machinery, and equipment.

Safe Product

A product that has been designed and manufactured to minimize any risks of harm or injury to users.

UCC

Short for the Uniform Commercial Code, it is a comprehensive set of laws governing all commercial transactions in the United States.

Express and Implied Warranty

Guarantees that a seller makes about the condition, functionality, or performance of goods or services; express warranty being explicitly stated and implied warranty being presumed by law.