The Current Account of the Balance of Payments Accounting System

question 33

Multiple Choice

The current account of the balance of payments accounting system has several subcategories.Which of the following is not one of those subcategories?

• A) The trade account
• B) The service account
• C) The income account
• D) The expense account
• E) Unilateral transfers account

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Definitions:

Opinion

A statement by a court expressing the reasons for its decision in a case.

Fraudulent Misrepresentation

A false statement knowingly made to cause another party to act, leading to a possible legal action for damages.

Undue Influence

The situation where an individual is able to influence another’s decisions due to the power or trust placed in them, often leading to unfair outcomes.

Free Will

The capacity of individuals to make choices that are not predetermined by past events, genetics, or environment.