Which International Account Is Used to Record Payments for Imports

question 420

Multiple Choice

Which international account is used to record payments for imports, receipts from exports, net interest paid abroad and net transfers?

• A) the capital and financial account
• B) the current account
• C) the official settlements account
• D) the trade account

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Definitions:

Dinitrophenol

A class of organic compounds that contain a phenol ring and two nitro groups, known for their use in biochemistry and weight loss.

Dinitrochlorobenzene

An aromatic compound with two nitro groups and one chloro group attached to a benzene ring, used in the manufacture of dyes and explosives.

Protonation

The addition of a proton (H+) to an atom, molecule, or ion, usually increasing its net positive charge.

Sodium Hydroxide

A strong base and alkali that is highly soluble in water, forming caustic solutions, commonly used in many industrial and laboratory processes.