The _____ of the Balance-Of-Payments Statement Is Most Likely to Record

question 40

Multiple Choice

The _____ of the balance-of-payments statement is most likely to record all exports and imports of gold, increases or decreases in foreign exchange, and increases or decreases in liabilities to foreign central banks.

• A) current account
• B) capital account
• C) credit account
• D) receivables account
• E) reserves account

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Definitions:

Limited Liability Company

A legal entity where the owners are protected from personal liability for the debts of the company beyond their initial investment.

Agency

A legal relationship in which one party, known as the agent, is authorized to act on behalf of another, known as the principal, in dealing with third parties.

Legal Entity

An organization or structure that is recognized by law as capable of legal rights and obligations, such as a corporation or partnership.

Aggregate

A total or sum, often used in contexts involving the collection of different items or amounts into a single whole.