Which of the Following Is a Balance of Payments Account

question 228

Multiple Choice

Which of the following is a balance of payments account?
i. current account
ii. past account
iii. capital account

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

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Definitions:

Barriers

Impediments, obstacles, or hindrances that prevent progress or make achievement difficult in various contexts.

European Unification

The process of political, economic, and social integration among European states, exemplified by the formation of the European Union.

Integration

The process of combining or coordinating separate elements so they work together effectively.

Trade Barriers

Measures imposed by governments to restrict or control the flow of goods and services across borders, affecting international trade.