The Account That Records the Receipts from the Exports of Goods

question 366

Multiple Choice

The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the

• A) current account.
• B) official settlements account.
• C) international capital account.
• D) capital and financial account.

---

Definitions:

Posterior Probabilities

Calculated probabilities updated to reflect new, relevant information, usually in the context of Bayesian inference.

Prior Probabilities

Prior probabilities are the probabilities of events before any new evidence is considered, often serving as the initial belief in Bayesian statistics.

Conditional Probabilities

The probability of an event occurring given that another event has already occurred, reflecting the dependence between events.

Joint Probabilities

The probability that multiple events will occur simultaneously.